Question

The elasticity of demand measures the responsiveness of

Q: The elasticity of demand measures the responsiveness of the quantity demanded of goods to a

Elasticityofdemandistheresponsivenessofthequantitydemandedofacommoditytochangesinoneofthevariablesonwhichdemanddependsinotherwordsitisthepercentagechangeinquantitydemandeddividedbythepercentageinonewhichthedemanddepends

the quantity demanded of goods to a

A Change in the price of goods

B Change in the price of substitutes

C Change in the prices of the complements

D Change in the price of joint products

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Uttarakhand Assistant Agriculture Officer

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The elasticity of demand measures the responsiveness of

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