The measure of how willing consumers are to buy less of a good as its price rises is called_______.

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Aadil · Answer 1 · 2024-02-09T05:47:24+0000

Answer:

Elasticity of Demand.

Step-by-step explanation:

Elasticity of Demand is a measure of how consumers react to a change in prices. Demand for a good that consumers will continue to buy despite a price increase.

The measure of how willing consumers are to buy less of a good as its price rises is called_______.

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