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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asked Mar 12, 2018 226k views

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Gmiley · Answer 1 · 2018-03-14T11:47:00+0000

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.

Rob Hall · Answer 2 · 2018-03-17T06:41:38+0000

Hello,

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

Hope this helps

~HotTwizzlers

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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