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Management · Q470

Managerial Economics

Graduate and Post Graduate · Management · question 470

Q470

Elasticity of demand measures the

A.
responsiveness of sales to change in advertisement expenditure
Answer
B.
responsiveness of demand to change in supply of goods
C.
change in price due to change in demand
D.
change in demand due to change in tastes of consume

Answer: Option A

Solution

Answer: Option A
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