The price elasticity of demand is a measure of the extent to which the quantity and all other influences on buyers' plans demanded of a good changes when remain the same. Select one: A. the price of the good changes OB. the price of a related good changes C. the demand alone changes D. income changes * E. both the demand and the supply simultaneously change
The price elasticity of demand is a measure of the extent to which the quantity and all other influences on buyers' plans demanded of a good changes when remain the same. Select one: A. the price of the good changes OB. the price of a related good changes C. the demand alone changes D. income changes * E. both the demand and the supply simultaneously change
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 3QR
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