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Commerce · Q1230

Economics

Graduate and Post Graduate · Commerce · question 1230

Q1230

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 consumer

Answer: Option A

Solution

Answer: Option A
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