The Price Elasticity of Demand Measures

question 105

Multiple Choice

The price elasticity of demand measures

• A)a buyer's responsiveness to a change in income.
• B)a buyer's responsiveness to a change in price.
• C)a seller's responsiveness to a change in demand.
• D)how much price increases for a change in demand.
• E)how much demand changes for a change in supply.

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Definitions:

Vascularized

Having blood vessels; supplied with or containing blood vessels.

Orbicularis Oris

A circular muscle surrounding the mouth, involved in controlling movements of the mouth and lips.

Levator Palpebrae Superioris

A muscle in the eyelid responsible for raising the upper eyelid.

Eyelids

Skin-covered folds that can open and close to protect the eye from debris and control light entry.