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The sensitivity of consumers to price changes is measured by the _____. a. input-output coefficient b. coefficient of substitution c. law of demand d. price elasticity of demand
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The sensitivity of consumers to price changes is measured by the _____.

a. input-output coefficient
b. coefficient of substitution
c. law of demand
d. price elasticity of demand

User Krunal
by
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2 Answers

2 votes
Hello! And thank you for your question!

The answer to your question is:

D. Price elasticity of demand

Demand is very high in foods and gas in modern today times.
User Gmiley
by
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3 votes
Hello,


The sensitivity of consumers to price changes is measured by the price elasticity of demand

Hope this helps

~HotTwizzlers
User Rob Hall
by
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