economic lowdown video series—video 1: what is elasticity? 1 of 8 factors influencing elasticity of demand…

economic lowdown video series—video 1: what is elasticity? 1 of 8 factors influencing elasticity of demand include all of the following except: availability of substitutes time horizon consumer preferences government regulations

economic lowdown video series—video 1: what is elasticity? 1 of 8 factors influencing elasticity of demand include all of the following except: availability of substitutes time horizon consumer preferences government regulations

Answer

Brief Explanations:

Elasticity of demand is influenced by availability of substitutes (more substitutes mean more elastic), time horizon (more elastic over longer - run), and consumer preferences (affect quantity demanded). Government regulations directly impact supply - side factors more often and are not a direct factor influencing demand elasticity.

Answer:

D. Government regulations