Consumer responsiveness
What Consumer responsiveness means in Economics GCSE, as defined for AQA.
Definitions of Consumer responsiveness
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Reference: AQA
How far quantity demanded reacts to a change in price, described as relatively unresponsive when demand is price inelastic and highly responsive when demand is price elastic.
How strongly the quantity demanded reacts to a change in price, being highly responsive for elastic demand and relatively unresponsive for inelastic demand.
Topics that use Consumer responsiveness
- Price elasticity of demand (AQA GCSE)
Related terms
- Elasticity classification
- Interpretation of numerical data
- Mathematical calculation in economics
- Price elastic
- Price elastic demand
- Price elasticity of demand
- Price inelastic demand
- Substitutes
Using Consumer responsiveness in the exam
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