The Concept of Price Elasticity of Demand Measures

question 176

Multiple Choice

The concept of price elasticity of demand measures

• A)the slope of the demand curve.
• B)the number of buyers in a market.
• C)the extent to which the demand curve shifts as the result of a price decline.
• D)the sensitivity of consumer purchases to price changes.

---

Definitions:

Clavicles

Long, thin bones that serve as a strut between the shoulder blade and the sternum or breastbone, commonly referred to as collarbones.

Midclavicular Line

An imaginary vertical line that runs through the midpoint of the clavicle in a person's anatomical position.

Nasal Flaring

The widening of the nostrils during breathing, often seen as a sign of respiratory distress or increased effort to breathe.

Sternal

Pertaining to the sternum or breastbone, a long flat bone located in the central part of the chest.