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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1278229
Introduction to Economics 1 Deneme Sınavı Sorusu #1278229
Which of the following measures the responsiveness of demand to changes in its own price?
|
Income elasticity od demand |
|
Price elasticity of demand |
|
Cross-price elasticity of demand |
|
Aggregate elasticity od demand |
|
Limited elasticity of demand |
Yanıt Açıklaması:
The price elasticity of demand measures the responsiveness of demand to changes in its own price. Answer is B.
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