The price elasticity of demand measures the responsiveness of
A) supply to demand changes.
B) equilibrium changes.
C) quantity demanded to changes in the price.
D) demand to supply changes.
E) the price to changes in quantity demanded.
Ans: C) quantity demanded to changes in the price.
Economics
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The national debt includes ______.
a. the debt of state governments b. projected Social Security costs c. the value of all outstanding bonds d. debt the government owes itself
Economics
If there are strong expectations of future economic growth, then the:
A. economy will move to the right along the existing consumption function. B. economy will move to the left along the existing consumption function. C. consumption function will shift downward. D. investment demand curve will shift upward.
Economics