Factors Affecting Price Elasticity of Demand | Fundamentals of Economics and Management, the Paper 1 of CMA Foundation.
This video lecture explains the Factors Affecting Elasticity of Demand in accordance with the Fundamentals of Economics and Management, Paper 1 of CMA Foundation.
Factors that affect the elasticity of demand of a commodity are as follows:
Nature of commodity,
Availability of substitutes,
Income Level, Level of price,
Postponement of Consumption,
Number of Users,
Share in Total Expenditure,
Time Period
Browse the full video, to understand all the factors affecting the price elasticity of demand.
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