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Price elasticity looks at

Select one:

a. The law of demand.

b. How much quantity demanded changes after a change in price.

c. Why the law of demand is untrue.

d. The degree to which price changes with a change in quantity demanded.

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Margaux Elysse C. Siason
Margaux Elysse C. SiasonLv6
28 Aug 2020

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Related questions

The price elasticity of demand measures how much:

a. quantity demanded responds to a change in price

b. quantity demanded responds to a change in income

c. price responds to a change in demand

d. demand responds to a change in supply

 

The "law of demand" states that changes in

A) demand is related directly to changes in supply.

B) the quantity demanded of a good is not related to changes in the quantity supplied.

C) the quantity demanded of a good is inversely related to changes in its price.

D) demand is inversely related to changes in supply. 

The "law of demand" states that changes in

A) demand are related directly to changes in supply.

B) the quantity demanded of a good are not related to changes in the quantity supplied.

C) the quantity demanded of a good are inversely related to changes in its price.

D) demand are inversely related to changes in supply.

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