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Byju's Answer
Standard X
Mathematics
Sales Tax
Which of the ...
Question

Which of the following is the measurement of percentage change in quantity demanded due to a percentage change in the price of a good?


A

Price elasticity of demand

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B

Cost elasticity of demand

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C

Cross elasticity of demand

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D

Income elasticity of demand

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Solution

The correct option is A

Price elasticity of demand


Price elasticity of demand is the measurement of percentage change in quantity demanded due to a percentage change in the price of a good.


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