Question: shows the extent to which a dependent variable changes for a given change in the independent variable. The number of substitutes Unitary elastic demand O

shows the extent to which a dependent variable changes for a given change in the independent variable. The number of substitutes Unitary elastic demand O Price elasticity of demand Proportion of income spent on the product O Income Elasticity Perfectly elastic demand Cross price demand elasticity Time frame Elasticity Perfectly inelastic demand Elasticity of supply Inelastic demand Elastic demand a The number of uses Luxury or necessity

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