The price elasticity of demand measures
A) the consumers' sensitivity to a price change.
B) the producers' sensitivity to a price change.
C) how much the market price changes in response to a change in demand.
D) how much the demand changes in response to a change in income.
A
Economics
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Over which price range is the elasticity of supply greater than 1?
The following data relate to the supply schedule of a product.
A. $10 to $15
B. $15 to $20
C. $20 to $25
D. $25 to $30
Economics
If the Fed raises the reserve requirement on deposits from 15 percent to 20 percent, what would happen to the money supply?
A. It would decrease. B. It would increase. C. It would remain unchanged. D. It depends on the value of interest rates.
Economics