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प्रश्न
What does elasticity of demand measure?
पर्याय
The total sales of a product
The percentage change in quantity demanded for a percentage change in price
The number of buyers in the market
The change in supply for a change in price
MCQ
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उत्तर
The percentage change in quantity demanded for a percentage change in price
Explanation:
Elasticity of demand is the percentage change in quantity demanded in response to a percentage change in price.
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