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Factors that affect price elasticity

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A Levels Economics (Unit 1 - Micro) Mind Map on Factors that affect price elasticity, created by mavina on 17/02/2014.
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Mind Map by mavina, updated more than 1 year ago
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Created by mavina about 10 years ago
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Resource summary

Factors that affect price elasticity
  1. Necessity or luxury?
    1. Availibilty of substitues
      1. Consumer income
        1. Brand loyalty
          1. Habits
            1. Frequency of purchase
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