The price elasticity of demand is a​ units-free measure of the responsiveness of​ ______. A. the demand for a good when the price of one of it substitutes or a complement of it changes B. the quantity demanded of a good to a change in the quantity supplied when all other influences on buying plans remain the same C. the demand for a good when​ consumers' income changes D. the quantity demanded of a good to a change in its price when all other influences on buying plans remain the same

Respuesta :

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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