_____ is a measure of consumers' price sensitivity, which is estimated by dividing relative changes in the quantity sold by the relative changes in price.
A) Space optimization
B) Monopoly pricing
C) Promotion analyses
D) Price elasticity

Question

Quizplus · Accepted Answer

Price elasticity is a measure of consumers' price sensitivity, which is estimated by dividing relative changes in the quantity sold by the relative changes in price.

_____ Is a Measure of Consumers' Price Sensitivity, Which Is