The Concept Used by Economists to Indicate the Responsiveness of the Quantity

question 23

Multiple Choice

The concept used by economists to indicate the responsiveness of the quantity demanded of a good to a change in its price is the

• A)cross elasticity of demand.
• B)income elasticity of demand.
• C)substitute elasticity of demand.
• D)price elasticity of demand.
• E)elasticity of supply.

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