Answer to Question #216568 in Economics for Paballo

Question

• Price elasticity of demand gives us a measure of how sensitive or responsive the ________ of a good or service is to a change in the _________ of a good or service. A. demand; price
•  B. price; quantity demanded
•  C. price; demand
•  D. quantity demanded; price

Answer 1

Price elasticity of demand gives us a measure of how sensitive or responsive the quantity demanded of a good or service is to a change in the price of a good or service.

D. quantity demanded; price