Weegy: Price elasticity of demand measures the responsiveness of the change in: A. quantity demanded to a change in price.
Click the link for more details:
User: The price elasticity of demand is:
A. always positive.
B. always greater than 1.
C. usually equal to 1.
D. always negative
Weegy: The price elasticity of demand is: C. usually equal to.
Click the link for more details:
User: If the total revenue received ... (More)

The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is Elasticity.

There are no comments.