Business

5 August, 08:23

Which of the following best describes demand elasticity?

a.

Measures if a change in price will cause a larger, smaller, or proportional change in the quantity demanded.

c.

A change in price will cause a small change in the quantity demanded

b.

Measures how consumers will react to a change in quantity supplied.

d.

A change in price will not cause a change in the quantity demanded.

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