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A measure of the responsiveness of demand to changes in the commodity’s own price is referred to as ___

  • Arc elasticity of demand

  • Price elasticity of demand

  • Point Elasticity

  • Income Elasticity of Demand

Price elasticity of demand. Is The Right Answer to the question Full Question with Answer : A measure of the responsiveness of demand to changes in the commodity's own price is referred to as ___(Based on the Question the answer is) Price elasticity of demand