Question: What does the elasticity coefficient refer to? A) It is price multiplied by the quantity of the product sold. B) It indicates the responsiveness of

What does the elasticity coefficient refer to? A) It is price multiplied by the quantity of the product sold. B) It indicates the responsiveness of quantity demanded to a change in price. c) It is the responsiveness of price to a change in quantity demanded. D) It is quantity demanded at any given price

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