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The Price Elasticity of Demand Measures Which of the Following

Question 54

Multiple Choice

The price elasticity of demand measures which of the following?


A) How responsive the quantity demanded is to changes in price.
B) The rate at which demand changes when price changes.
C) The slope of the demand curve.
D) The percentage-slope of the demand curve.
E) None of these correctly defines what price elasticity of demand measures.

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