Which is NOT a determinant of the elasticity of demand?

A) The proportion of income consumers spend on the good
B) The number of sellers
C) The availability of substitutes
D) Time

Elasticity of Demand

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Determinant

A factor or element that causes change in an outcome or condition, often used in reference to variables that affect economic indicators.