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The Price Elasticity of Demand for Automobiles Measures the Responsiveness

Question 8

Multiple Choice

The price elasticity of demand for automobiles measures the responsiveness of


A) consumer purchases to a change in the price of automobiles.
B) consumer purchases to a change in the quality of automobiles.
C) supplier production levels to a change in the price of automobiles.
D) consumer purchases of automobiles to a change in their income.

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