# The number one factor that determines elasticity of demand is: Question 11 options: AThe amount of people producing a good or service BIf the good or service is a necessity or a luxury CThe amount of time it takes to change the output of the good or service D.The amount of people consuming the good or service

###### Question:

The number one factor that determines elasticity of demand is:
Question 11 options:
AThe amount of people producing a good or service
BIf the good or service is a necessity or a luxury
CThe amount of time it takes to change the output of the good or service
D.The amount of people consuming the good or service

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