The price elasticity of demand measures the: A) responsiveness of quantity demanded to a change in quantity supplied. B) responsiveness of price to a change in quantity demanded. C) responsiveness of quantity demanded to a change in price. D) responsiveness of quantity demanded to a change in income.

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20-03-2020
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The price elasticity of demand measures the: A) responsiveness of quantity demanded to a change in quantity supplied. B) responsiveness of price to a change in quantity demanded. C) responsiveness of quantity demanded to a change in price. D) responsiveness of quantity demanded to a change in income.

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cecylya cecylya · Answer 1 · 2020-03-24T01:24:34+01:00

cecylya cecylya

24-03-2020

Answer:

The correct answer is C) responsiveness of quantity demanded to a change in price.

Explanation:

The price elasticity of demand is calculated as the percentage change in quantity demanded divided by a percentage change in price.

This variable show how change the demand of a good when we modified his price, so, from the given options the correct is C) responsiveness of quantity demanded to a change in price.

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