Elasticity measures the
A) percentage change in a variable.
B) slope of a curve.
C) change in a variable.
D) responsiveness of a variable to a change in another variable.

Name: Elasticity measures the A) percentage change in a variable. B) slope of a curve. C) change in a variable. D) responsiveness of a variable to a change in another variable.
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Question

Quizplus · Accepted Answer

Elasticity measures how much one variable responds to changes in another variable, typically expressed as a percentage change.

Elasticity Measures the