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प्रश्न
What does price elasticity of demand measure?
पर्याय
The total spending by consumers on a product
The responsiveness of quantity demanded to changes in price
The relationship between average revenue and marginal revenue
The percentage change in price over time
MCQ
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उत्तर
The responsiveness of quantity demanded to changes in price
Explanation:
Measures how sensitive demand is when price changes.
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