Title: Factors That Influence Price Elasticity of Demand (2/3) -- Video
Course: Recommended Resources for AP Micro from FRE > Section: Unit 2: Supply and Demand

This video describes factors that influence how elastic, or inelastic, demand for a good or service is. These include whether the item is a necessity or a luxury, how much of your income you give up to buy it, the availability of close substitutes, and time.

Watch the video and then click "next" to take the quiz.