The price elasticity of demand is defined as the responsiveness of :
A. price to change in quantity demanded
B. quantity demanded to a change in price
C. price to a change in income
D. quantity demanded to a change in income
Answer:B
The price elasticity of demand is defined as the responsiveness of :
A. price to change in quantity demanded B. quantity demanded to a change in price C. price to a change in income D. quantity demanded to a change in income