Multiple Choice
All of the following are true regarding the price elasticity of demand except which one?
A) It is measured in percentage changes.
B) It measures how much the quantity demanded changes in response to a change in price.
C) It measures the movement along the demand curve in response to a change in price.
D) It measures how much the demand curve shifts in response to a change in price.
Correct Answer:
Verified
Correct Answer:
Verified
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