The price elasticity of coefficient indicates
ECONOMICS
WAEC 1999
The price elasticity of coefficient indicates
- A. how far business can reduce cost
- B. the degree of competition
- C. the extent to which curve shifts
- D. consumer responsiveness to price changes
Correct Answer: D. consumer responsiveness to price changes
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *