Introduction to Economics 1 Deneme Sınavı Sorusu #1263154

"The price elasticity of demand ........." Which of the following best completes the sentence above?

measures the responsiveness of demand to the changes in the price

measures how much consumers respond to the changes in the demand

is used to quantify the response of one variable when another variable changes

measures the quantitative response of one variable to another

is always negative because of the law of demand

Yanıt Açıklaması:

The price elasticity of demand measures the responsiveness of demand to changes in price. The law of demand indicates that there is an inverse relationship between the price of a good and the quantity demanded of that good. The law states that when the price of a good increases the quantity demanded of that good falls.

PAYLAŞ:

SORUNUN CEVABI: A

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