Business Economics

1:

Price elasticity of demand provides

A.
A measure of the responsiveness of the quantity demanded to changes in the price of the product, holding constant
the values of all other variables in the demand function.
B.
A technical change in the goodwill of the firm
C.

A technical change in the cost of product

D.

Technical change in the value.

 

Answer : A

Explanation :

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Option: A

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