Answer:
D. the quantity demanded of a good to a change in its price when all other influences on buying plans remain the same
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income of the consumer
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
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