Business, 18.02.2021 21:10 angelinad02

What are the major determinants of price elasticity of demand? A. Luxuries versus necessities
B. Excise taxes
C. Availability of complementary goods
D. Inferior goods and normal goods
E. Time
F. Proportion of income
G. Substitutability
Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic
A. Bottled water
B. Toothpaste:
C. Crest toothpaste.
D. Ketchup
E. Diamond bracelets
F. Microsoft's Windows operating

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What are the major determinants of price elasticity of demand? A. Luxuries versus necessities

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