What does the price elasticity of demand measure? - ProProfs Discuss
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What does the price elasticity of demand measure?



A. The responsiveness of the quantity demanded to change in the price of a good, ceteris paribus
B. The responsiveness of the price to a change in the quantity demanded of a good, ceteris paribus
C. The responsiveness of the price to a change in the quantity supplied of a good, ceteris paribus
D. The responsiveness of the quantity supplied to a change in the price of a good, ceteris paribus

This question is part of Microeconomics Exam #1
Asked by Wlkg, Last updated: Mar 26, 2020

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3 Answers

John Adney

John Adney

Answered Oct 13, 2017

A. Quantity demanded to change in the price of a good, ceteris paribus

 

John Adney

John Adney

Answered Oct 12, 2017

I object to this unfair and immoral question. It goes against my beliefs.

 

John Smith

John Smith

Answered Feb 24, 2017

Quantity demanded to change in the price of a good, ceteris paribus
 

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