Q. Elasticity of demand is the degree of responsiveness of demand of a commodity to a - (Solved)
1. change in consumers' wealth
2. change in the price of substitutes
3. change in consumers' tastes
4. change in its price
- d. change in its price
1. change in consumers' wealth
2. change in the price of substitutes
3. change in consumers' tastes
4. change in its price