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Which factor generally keeps the price-elasticity of demand for a good low:a)Variety of uses for that goodb)Its low pricec)Close substitutes for that goodd)High proportion of the consumer’s income spent on itCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which factor generally keeps the price-elasticity of demand for a good low:a)Variety of uses for that goodb)Its low pricec)Close substitutes for that goodd)High proportion of the consumer’s income spent on itCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which factor generally keeps the price-elasticity of demand for a good low:a)Variety of uses for that goodb)Its low pricec)Close substitutes for that goodd)High proportion of the consumer’s income spent on itCorrect answer is option 'B'. Can you explain this answer?.

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