The price elasticity of demand is a units -free measure of the responsiveness of the ________ when all other influences on buying plans remain the same:
a) quantity demanded to a change in income
b) quantity demanded to a change in the price of a substitute or complement
c) quantity demanded of a good to a change in its price
d) price to a change in quantity demanded
e) none of the above
Ans: c) quantity demanded of a good to a change in its price
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Indicate whether the statement is true or false.