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The price elasticity of demand for a product tells you:

a)how sensitive price is to changes in demand.b)how sensitive the demand for a product is to changes in the products price.c)How demand changes with changes in the prices of competitors goods.d)how sensitive demand is to changes in the costs of production.

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Question ajoutée par Kishor Vadher , Sales Manager , Hausstrom ltd. Lagos
Date de publication: 2015/03/24
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option >>>>>>>>>>>>    b)how sensitive the demand for a product is to changes in the products price

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

b)how sensitive the demand for a product is to changes in the products price.