Elasticity is a measure of the responsiveness of a change in one variable to a change in another variable.

Name: Elasticity is a measure of the responsiveness of a change in one variable to a change in another variable.
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Elasticity measures how much one variable responds to changes in another variable, commonly used in economics to describe how the quantity demanded of a good responds to changes in price or income.

Elasticity Is a Measure of the Responsiveness of a Change