The degree of responsiveness of demand to change in the price of goods or produce…

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Agricultural Science JAMB 2019

The degree of responsiveness of demand to change in the price of goods or produce is referred to as

  • Relative Elasticity of demand
  • Unit Elasticity of demand
  • Price Elasticity of demand checkmark
  • Perfect Elastic demand

The correct answer is: C

Explanation

Price Elasticity of demand is the degree of responsiveness of demand to changes in the price of goods or produce.

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