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Economics
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The price elasticity of demand measures:

a. the change in quantity demanded of a good given a change in income.

b. the change in quantity demanded of a good given a change in the price of another good.

c. the change in the quantity demanded of a good given a change in the price of the good.

d. the change in the quantity demanded of a good given a change in the price elasticity of supply.

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Insha Fatima
Insha FatimaLv10
28 Sep 2020

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Related questions

8) The price elasticity of demand equals magnitude of the in the divided by the _in the A) percentage change; quantity demanded; percentage change; quantity supplied B) percentage change; quantity demanded; percentage change; price C) change; price; change; quantity demanded D) change; quantity demanded; change; price E) percentage change; price; percentage change; quantity demanded

The price elasticity of demand measures the responsiveness of the change in:

a. Quantity demanded to a change in price.

b. Price to a change in quantity demanded. 

c. The slope of the demand curve to a change in price.

d. The slope of the demand curve to a change in quantity demanded. 

 

_____ is the measure of the percent change in the quantity of a good demanded divided by the percent change in the price of that good.

1. Law of demand

2. Quantifiable output

3. Inelastic demand

4. Price elasticity of demand

 

 

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