The Price Elasticity of Demand Measures The

question 221

Multiple Choice

The price elasticity of demand measures the:

• A)responsiveness of the change in quantity demanded to a change in price.
• B)change in price versus a change in quantity demanded.
• C)responsiveness of the change in the slope of the demand curve to a change in price.
• D)change in the slope of the demand curve versus a change in the quantity demanded.

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