​In General,the Smaller the Price Elasticity

question 71

Multiple Choice

​In general,the smaller the price elasticity:

• A)​the smaller the responsiveness of price to changes in quantity. 
• B)the smaller the responsiveness of quantity to changes in price.
• C)the larger the responsiveness of price to changes in quantity. 
• D)​the larger the responsiveness of quantity to changes in price. 

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