Which of the following is a measure of the sensitivity of customers to changes in price?
A)a liquidity ratio
B)basing- point
C)price elasticity of demand
D)demand sensitivity
E)marginal analysis

Question

Quizplus · Accepted Answer

Price elasticity of demand measures how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of customers to price changes.

Which of the Following Is a Measure of the Sensitivity