The Less Sensitive Quantity Demanded Is to a Change in Price

question 18

Multiple Choice

The less sensitive quantity demanded is to a change in price, the

• A) smaller a change in price must be to induce a certain change in quantity demanded.
• B) greater the absolute price elasticity of demand.
• C) smaller the absolute price elasticity of demand.
• D) closer the absolute price elasticity of demand is to one.

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