Question

Which factor does not affect the elasticity of demand for a good?

the consumer's perception of the good as necessity or luxury
the importance of the good to the consumer
the availability of substitute goods
an increase in population

Answer 1

An increase in population

Step-by-step explanation:

the cost of producing the product will not affect the elasticity of demand for a product.

Answer 2

the availability of the substitute goods as an increase on population