question archive Price elasticity of demand describes: A
Price elasticity of demand describes: A
Subject:EconomicsPrice:2.88 Bought15
Price elasticity of demand describes:
A.the size of the percentage change in the quantity demanded of a good or service when its price changes by one percent.
B.the size of the shift in demand of a good or service when its price changes by one percent.
C.the size of the percentage change in the quantity supplied of a good or service when its demand changes due to a price change.
D.None of these is true.
