____ refers to the rate of percentage change in quantity demanded attributable to change in price.
a. Cost/benefit analysis
b. Customer demand
c. Price elasticity of demand
d. Perceived value
e. Competitive edge
Answer: C
____ refers to the rate of percentage change in quantity demanded attributable to change in price.
a. Cost/benefit analysis
b. Customer demand
c. Price elasticity of demand
d. Perceived value
e. Competitive edge