Question

question 4
not yet answered marked out of 1.00 flag question
price elasticity measures:
select one:
a. sensitivity of price to cost
b. supply shift
c. sensitivity of demand to price
d. tax rate

Explanation:

Price elasticity (specifically price elasticity of demand) quantifies how responsive the quantity demanded of a good is to a change in its price, which aligns with option c. Options a, b, and d are unrelated: a refers to cost-price sensitivity, b is a shift in supply curve, d is a tax percentage.

Answer:

c. Sensitivity of demand to price