fill in the blank question\nthe price of demand measures the responsiveness, or sensitivity, of consumers to…
fill in the blank question\nthe price of demand measures the responsiveness, or sensitivity, of consumers to a price change.
Answer
Brief Explanations:
In economics, price - elasticity of demand is a key concept that gauges how much the quantity demanded of a good changes in response to a change in its price.
Answer:
elasticity