Price elasticity of demand measures
A. how responsive sales are to changes in the price of a related good.
B. how responsive quantity demanded is to a change in price.
C. how responsive suppliers are to price changes.
D. how responsive sales are to a change in buyers’ incomes.
A. how responsive sales are to changes in the price of a related good.
B. how responsive quantity demanded is to a change in price.
C. how responsive suppliers are to price changes.
D. how responsive sales are to a change in buyers’ incomes.
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