1.3.2.3d - factors influencing price elasticity of demand: • availability of substitutes •

The factors influencing price elasticity of demand:; availability of substitutes; branding; percentage of total expenditure; addictiveness of product; durability of product.

Use d - factors influencing price elasticity of demand: • availability of substitutes • to connect the rule to the data and decision in the question.

This matters because d - factors influencing price elasticity of demand: • availability of substitutes • determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply d - factors influencing price elasticity of demand: • availability of substitutes • to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: d - factors influencing price elasticity of demand: • availability of substitutes • is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.