Price elasticity of demand is the responsiveness of
A) the quantity demanded to a change in price.
B) demand to a change in supply.
C) demand to a change in income.
D) demand for a good to a change in the demand for another good.
Answer: A
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A) negative demand B) positive demand C) negative supply D) positive supply
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A. number of workers B. number of labor hours C. real GDP D. all of these
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A. its exports equal its imports. B. government spending is greater than tax receipts. C. its exports exceed its imports. D. its exports are less than its imports.
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