The price elasticity of demand is defined as the responsiveness.

Price to a change in quantity demanded

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Quantity demanded to a change in price

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Price to a change in income

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Price demanded to a change in income

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The correct option is B Quantity demanded to a change in price
The price elasticity of demand is defined as the responsiveness of Quantity demanded to a change in price.

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Similar questions

Q. When percentage change in quantity demanded is equal to the percentage change in price, the elasticity of demand is __________.

Elasticity of demand, measured by comparing the ratio of percentage change in the quantity demanded to the percentage change in the price of a commodity, is known as

Q. If the change in the quantity demanded is proportionate to the change in price, the elasticity of demand of commodity will be _______ .

What is the situation implies in the case where the demand is greater than unitary elastic when percentage change in quantity demanded in response to change in price of the commodity?

Q. According to percentage method or arithmetic method of elasticity of demand, If percentage change in quantity demanded is less than percentage change in price, the elasticity is said to be ________________.

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The price elasticity of demand is defined as the responsiveness.

The correct option is B Quantity demanded to a change in priceThe price elasticity of demand is defined as the responsiveness of Quantity demanded to a change in price.

The correct option is B Quantity demanded to a change in price
The price elasticity of demand is defined as the responsiveness of Quantity demanded to a change in price.