Price elasticity of demand or supply measures how responsive?

A. consumers are to a change in price
B. sellers are to a change in price
C. sellers are to a change in price
D. buyers are to a change in income

Correct Answer: Option C

C. sellers are to a change in price

Explanation

Price elasticity of supply or demand measures the responsiveness to the supply of a good or service after a change in its market price.