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The price elasticity of demand measures:a)The responsiveness of quantity demanded to changes in price.b)The responsiveness of price to changes in quantity demanded.c)The absolute change in price.d)The total revenue earned by producers.Correct answer is option 'A'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about The price elasticity of demand measures:a)The responsiveness of quantity demanded to changes in price.b)The responsiveness of price to changes in quantity demanded.c)The absolute change in price.d)The total revenue earned by producers.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The price elasticity of demand measures:a)The responsiveness of quantity demanded to changes in price.b)The responsiveness of price to changes in quantity demanded.c)The absolute change in price.d)The total revenue earned by producers.Correct answer is option 'A'. Can you explain this answer?.

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