Price elasticity of demand or supply measures h... - WAEC Economics 2016 Question
Price elasticity of demand or supply measures how responsive
A
consumers are to a change in price
B
sellers are to a change in price
C
sellers are to a change in price
D
buyers are to a change in income
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Correct Option: C
Price elasticity of supply or demand measures the responsiveness to the supply of a good or service after a change in its market price.
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