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

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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