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What is price elasticity of demand? A ) The responsiveness of quantity demanded to changes in income B ) The responsiveness of quantity demanded to

What is price elasticity of demand?
A) The responsiveness of quantity demanded to changes in income
B) The responsiveness of quantity demanded to changes in price
C) The total quantity demanded in the market
D) The total revenue earned by producers
Correct Answer: B) The responsiveness of quantity deman

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