Which of the Following Is Explained by the Price Elasticity

Question 1
Multiple Choice

Which of the following is explained by the price elasticity of demand for a product? A)The effect of changes in price on the supply of the product B)The effect of changes in quantity on the supply of the product C)The effect of changes in quantity on the price of the product D)The effect of changes in price on the quantity demanded of the product E)The effect of changes in price on the quantity supplied of the product

D