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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #721693
Introduction to Economics 1 Deneme Sınavı Sorusu #721693
What is the term used for the measures of the responsiveness of demand to changes in price is called?
|
income elasticity of demand |
|
cross-price elasticity of demand |
|
the law of demand |
|
the price elasticity of demand |
|
price elasticity of supply |
Yanıt Açıklaması:
The price elasticity of demand measures the responsiveness of demand to changes in price. The correct answer is D.
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