MCQOPTIONS
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| 1. |
Elasticity of demand measures the responsiveness of the quantity demanded of a goods to a |
| A. | change in the price of the goods |
| B. | change in the price of substitutes |
| C. | change in the price of the complements |
| D. | change in the price of joint products |
| Answer» B. change in the price of substitutes | |