Answer:
The correct option is B
Explanation:
Price elasticity of the demand is the measures of the responsiveness for the product whose quantity is demanded with the change or variation in the price.
It is used in the business when decision in relation to the price of the product is taken and for rest of the marketing mix.So, the one which is not a determinant of the price elasticity of demand is flatness or steepness of the supply curve of the product or good.
The determinant of the price elasticity of demand for a good does not include the steepness or flatness of the supply curve for the good.
Price elasticity of demand is the measure of change in quantity demanded of a good with respect to its price.
The determinants of price elasticity of demand include:
1. The time horizon states the period of time that has elapsed from the earlier price change.
2. The market definition for the good: if the market defines the good as a necessity or a luxury.
3. Substitutes available: if a good has more substitutes, the elasticity will be high.
Therefore the flatness of the supply curve doesn't affect the price elasticity of demand.
Learn more about the price elasticity of demand here:
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