The price elasticity of demand measures

A) the consumers' sensitivity to a price change.
B) the producers' sensitivity to a price change.
C) how much the market price changes in response to a change in demand.
D) how much the demand changes in response to a change in income.


A

Economics

You might also like to view...

If the government adopts expansionary monetary policy during a recession, ________

A) tax rates increase B) government spending falls C) access to credit increases D) interest rates increase

Economics

If, for a producer, large changes in price lead to relatively small changes in quantity, the producer's

A) demand is price elastic. B) demand is price inelastic. C) supply is price elastic. D) supply is price inelastic.

Economics

A two-part price is less efficient than a Ramsey

Indicate whether the statement is true or false

Economics

The universal-service requirement complicates postal service pricing

Indicate whether the statement is true or false

Economics