We Need to Calculate the Price Elasticity of Demand Because

Multiple Choice

We need to calculate the price elasticity of demand because:

A) producers need to know that consumers are more sensitive to price changes for some goods and services than for others.
B) producers need to be able to predict the future preferences of their customers.
C) producers need to know that consumers will have the same response to a price change regardless of the good or service.
D) producers need to understand what it is their customers demand the most.