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What does elasticity of demand indicate in pricing?a)The willingness of consumers to pay a higher priceb)The sensitivity of demand to price changesc)The government's pricing regulationsd)The cost data associated with a productCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does elasticity of demand indicate in pricing?a)The willingness of consumers to pay a higher priceb)The sensitivity of demand to price changesc)The government's pricing regulationsd)The cost data associated with a productCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does elasticity of demand indicate in pricing?a)The willingness of consumers to pay a higher priceb)The sensitivity of demand to price changesc)The government's pricing regulationsd)The cost data associated with a productCorrect answer is option 'B'. Can you explain this answer?.

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