Soru
The price elasticity of demand is a units-free measure of the responsiveness of __ A. the demand for a good when the price of one of it substitutes or a complement of it changes B. the quantity demanded of a good to a change in its price when all other influences on buying plans remain the same C. the demand for a good when consumers income changes D. the quantity demanded of a good to a change in the quantity supplied when all other influences on buying,plans remain the same The price elasticity of demand is calculated by dividing the __ by the __ A. percentage change in the quantity demanded; percentage change in the price B. change in the quantity demanded; change in the price C. percentage change in the price; percentage change in the quantity demanded D. change in the price; the change in the quantity demanded
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The correct answer for the first question is B. The price elasticity of demand is a units-free measure of the responsiveness of the quantity demanded of a good to a change in its price when all other influences on buying plans remain the same.<br /><br />The correct answer for the second question is A. The price elasticity of demand is calculated by dividing the percentage change in the quantity demanded by the percentage change in the price.
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