Identify the factor which generally keeps the price-elasticity of demand for a good high. Options: A . &nbspIts very high price B . &nbspIts very low price C . &nbspLarge number of substitutes D . &nbspNone of the above

Identify the factor which generally keeps the price-elasticity of demand for a g

Question

Identify the factor which generally keeps the price-elasticity of demand for a good high.

Options:

A . Its very high price

B . Its very low price

C . Large number of substitutes

D . None of the above

Answer: Option C

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