Multiple Choice
The price elasticity of demand is a units-free measure of the responsiveness of the ________ when all other influences on buying plans remain the same.
A) quantity demanded of a good to a change in the price of a substitute or complement
B) quantity demanded of a good to a change in income
C) quantity demanded of a good to a change in its price
D) price to a change in the quantity demanded of a good
E) quantity demanded of a good to a change in supply
Correct Answer:
Verified
Correct Answer:
Verified
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