What is the BEST definition of elasticity in economics?
A. Elasticity of supply measures how the amount of a good changes when the producer hires more employees.
B. Elasticity of supply measures hot the amount of a good changes when the producer uses new materials.
C. Elasticity of demand measures how the amount of a good changes when it's price goes up or down.
D. Elasticity of demand measures how the amount of a good changes when it's distribution expands.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the BEST definition of elasticity in economics? A. Elasticity of supply measures how the amount of a good changes when the producer ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which describes one reason that the U. S. Constitution was amended in the twentieth century? A. To overturn a previous amendment B. To establish a new political party C. To declare war against Germany D. To ensure Native American rights
Answers (2)
Name two groups that settled in the cities
Answers (1)
How did the 15 amendment affect women's rights movement
Answers (1)
The settlement founded in the early 1600s that was the most consequential for the future united states was
Answers (1)
Under what circumstances were Roma exempted from deportation and death? Were these exemptions respected?
Answers (1)
New Questions in History
The answer is minimum wage
Answers (1)
There was separation of church and state in the Massachusetts Bay Colony. a. True b. False
Answers (1)
Loess deposits usually blanket an area in an even layer. a. True b. False
Answers (1)
In which countries did the united states fight with spain in 1898?
Answers (1)
Mao Zedong was convinced that Chinese revolution would be driven by the
Answers (1)