Question
The price elasticity of demand is a measure of: A. Relation between price/prfit B. Responsiveness of buyers of a good to changes in price C
The price elasticity of demand is a measure of:
A. Relation between price/prfit
B. Responsiveness of buyers of a good to changes in price
C Sensitivity of good's price to changes in demand
D. Effect of changes in demand on the price
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Economics Today
Authors: Roger LeRoy Miller
16th edition
132554615, 978-0132554619
