For a particular product, a demand elasticity is a quantitative measur

For a particular product, a demand elasticity is a quantitative measure that shows:

A) the percentage change in quantity demanded relative to the absolute change in any of the other variables included in the demand function for that product.
B) the absolute change in quantity demanded relative to the percentage change in any of the other variables included in the demand function for that product.
C) the percentage change in quantity demanded relative to the percentage change in any of the other variables included in the demand function for that product.
D) the absolute change in quantity demanded relative to the absolute change in any of the other variables included in the demand function for that product.

 

ANSWER

C

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