Multiple Choice
The price elasticity of demand indicates
A) a buyer's responsiveness to price changes.
B) the slope of the demand curve.
C) how far demand stretches over time.
D) the extent to which a demand curve shifts as incomes change.
E) none of the above
Correct Answer:
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Related Questions
Q83: When quantity demanded increases,total revenue
A) increases.
B) decreases.
C)
