The higher the price elasticity,the
A)more sensitive price changes are to quantity demanded.
B)less sensitive price changes are to quantity demanded.
C)more sensitive quantity demanded is to price changes.
D)less sensitive quantity demanded is to price changes.

Question

Quizplus · Accepted Answer

Price elasticity measures how much the quantity demanded of a good responds to a change in the price of that good, with higher elasticity indicating a greater sensitivity of quantity demanded to price changes.

The Higher the Price Elasticity,the