Elasticities are used to measure responses to a change in:
A) the price of a good.
B) the price of a related good.
C) income.
D) All of these are correct.

Name: Elasticities are used to measure responses to a change in: A) the price of a good. B) the price of a related good. C) income. D) All of these are correct.
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Question

Quizplus · Accepted Answer

Elasticities can measure responses to changes in price, the price of related goods, and income. Therefore, all of the choices are correct.

Elasticities Are Used to Measure Responses to a Change In