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Consider some determinants of the price elasticity of demand The availability of close substitutes Product's share of the consumer's total budget demand, since consumers can easily choose to purchase one of the dose A good with many close substitutes is likely to have relatively substitutes if the price of the good rises The price elasticity of demand for a good depends on the price of the good relative to consumers incomes, which of the following goods has the most elastic demand? Car Shoes Lemons Board games Consider some determinants of the price elasticity of demand: The availability of close substitutes Product's share of the consumer's total budget demand, since consumers can easily choose to purchase one of the close A good with many close substitutes is likely to have relatively substitutes if the price of the good rises. elastic The price elasticity of demand for a good depends on the price inelastic fa relative to consumers' incomes. Which of the following goods has the most elastic demand? car Shoes Lemons Board games