Price elasticity of demand is useful because it measures _ responsiveness to changes in _.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income

Question

25-03-2022
Business

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Price elasticity of demand is useful because it measures _ responsiveness to changes in _.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income

Respuesta :

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jayilych4real jayilych4real · Answer 1 · 2022-04-08T08:48:37+02:00

Price elasticity of demand is useful because it measures consumers' responsiveness to changes in price.

What is Price Elasticity?

This refers to the effect which occurs as a result of a change of price on a given good and the demand.

Here, we can note that because price elasticity has to do with the response of the customer in relation to the change in price, then we can note that option C is correct.

Read more about price elasticity here:
https://brainly.com/question/6791468

Price elasticity of demand is useful because it measures _____ responsiveness to changes in _____. a. taxpayers'; demand b. producers'; supply c. consumers'; price d. consumers'; demand e. producers'; income

Respuesta :

What is Price Elasticity?

Otras preguntas

Price elasticity of demand is useful because it measures _ responsiveness to changes in _.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income