contestada

Price elasticity of demand is useful because it measures _____ responsiveness to changes in _____.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income

Respuesta :

jayilych4real

Price elasticity of demand is useful because it measures consumers' responsiveness to changes in price.

What is Price Elasticity?

This refers to the effect which occurs as a result of a change of price on a given good and the demand.

Here, we can note that because price elasticity has to do with the response of the customer in relation to the change in price, then we can note that option C is correct.

Read more about price elasticity here:
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