MICROECONOMICS - TEST ONE - CourseNotes

Forty- three multiple-choice questions, each worth 2.325 points. Select the best answer. 1. The concept of price elasticity of demand measures: A) the number of sellers in a market. B) the number of buyers in a market. C) the extent to which the demand curve shifts as the result of a price decline. D) the sensitivity of consumers to price ... ................
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