Which of the Following Best Explains 'Price Elasticity

question 34

Multiple Choice

Which of the following best explains 'Price elasticity'? 

• A) Extent to which price per unit changes with the volume that is purchased. 
• B) Extent to which price per unit changes with the volume that is sold. 
• C) Extent to which price per unit does not change with the volume that is purchased. 
• D) Extent to which total price changes with the volume that is purchased.

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