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Thepotemich [5.8K]
2 years ago
12

_____________ measures how changes in price affect the quantity of product demanded.

Business
1 answer:
Margaret [11]2 years ago
5 0

Price elasticity of demand measures how changes in price affect the quantity of product demanded. A good or service's price elasticity of demand is calculated by dividing percentage change in the amount sought by percentage change in the price.

The ratio of the percentage change in quantity supplied to the percentage change in price is  price elasticity of supply. A good or service's price elasticity of demand is calculated by dividing percentage change in  amount sought by the percentage change in price.

The ratio of percentage change in quantity supplied to percentage change in price is  price elasticity of supply.

To learn more about price elasticity, click here

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3 years ago
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Answer:

Redlining

Explanation:

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There is absolutely no good reason to not conduct market research.<br> True<br> False
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Answer:

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Explanation:

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3 years ago
Opponents of rehabilitation efforts in penal institutions get support for their position by pointing to Martinson's study, which
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Read 2 more answers
If a bank decides that it wants to hold​ $1 million of excess​ reserves, what effect will this have on checkable deposits in the
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Answer:

C. Checkable deposits decline by $10 million.

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hoping having been clear.  

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