The Price Elasticity of Demand Measures

question 11

Multiple Choice

The price elasticity of demand measures

• A) the responsiveness of quantity demanded to a change in price.
• B) the responsiveness of price to a change in competition.
• C) the change in quantity demanded due to a change in price of a substitute good.
• D) the change in price due to a change in demand.

---

Definitions:

NumberFormatException

An exception thrown in Java to indicate that an attempt has been made to convert a string to one of the numeric types, but the string does not have the appropriate format.

PrintStackTrace

A method in Java that prints the stack trace of the current thread to the standard error stream, useful for debugging exceptions.

GetMessage

GetMessage is typically a method in many programming languages and frameworks used to retrieve a message or description from an exception object.

Exception Object

An instance of an Exception class or its subclasses, representing an error or unexpected event that occurs during program execution.