Multiple Choice
The price elasticity of demand measures the
A) responsiveness of a good's price to a change in quantity demanded
B) adaptability of suppliers when a change in demand alters the price of a good
C) responsiveness of quantity demanded to a change in a good's price
D) adaptability of buyers when there is a change in demand
E) responsiveness of quantity supplied to a change in quantity demanded
Correct Answer:
Verified
Correct Answer:
Verified
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