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Figure 4.3.1 -Price Elasticity of Demand Measures The

Question 51

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Figure 4.3.1 -Price elasticity of demand measures the: A) slope of the demand curve. B) sensitivity of quantity demanded to changes in the price of substitute goods. C) sensitivity of price to changes in the quantity demanded of substitute goods. D) sensitivity of quantity demanded to changes in price. Figure 4.3.1
-Price elasticity of demand measures the:


A) slope of the demand curve.
B) sensitivity of quantity demanded to changes in the price of substitute goods.
C) sensitivity of price to changes in the quantity demanded of substitute goods.
D) sensitivity of quantity demanded to changes in price.

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