There are 4 factors that influence the price elasticityof demand:The availabilit

There are 4 factors that influence the price elasticityof demand:The availability of substitutesThe specific nature of the goodThe part of income spent on the goodThe time consumers have to buy the goodIn a 24 paragraph Discussion Board post discuss thefollowing:Choose a product you have purchased in the past month from aclothing or shoe store.Describe how each of the 4 factors contributed to the elasticity ofthe good.Is the product considered elastic inelastic or unitaryelastic?In a few sentences what effect does the current supply and currentdemand have on this product?