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    Business
  3. Study Set
    Principles of Economics
  4. Exam
    Exam 5: Elasticity: Measuring Responsiveness
  5. Question
    Price Elasticity of Demand Measures How Responsive _____ Are to _____
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Price Elasticity of Demand Measures How Responsive _____ Are to _____

Question 6

Question 6

Multiple Choice

Price elasticity of demand measures how responsive _____ are to _____ changes.


A) buyers; quantity
B) buyers; price
C) buyers; income
D) sellers; quantity

Correct Answer:

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