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The Price Elasticity of Demand Is a Measure of the Extent

Question 127

Multiple Choice

The price elasticity of demand is a measure of the extent to which the quantity demanded of a good changes when ________ and all other influences on buyers' plans remain the same.


A) income changes
B) the price of a related good changes
C) the price of the good changes
D) the demand alone changes
E) both the demand and the supply simultaneously change

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