Search results with tag "Demanded"

Economic Analysis for Business Decisions Multiple Choice ...

The quantity demanded is equal to the quantity supplied and the price remains unchanged. e. There is a surplus and the price will fall. ... The sensitivity of the change in quantity demanded to a change in price is called: a. Income elasticity. b. Cross-elasticity. c. Price elasticity of demand. d. Coefficient of elasticity.

  Sensitivity, Quantity, Demanded, Quantity demanded