(Consider This) Elasticity can be thought of as degree of relative
A) video brightness.
B) price bounce.
C) audio volume.
D) quantity stretch.

Question

Quizplus · Accepted Answer

Elasticity refers to the degree of responsiveness of one variable to changes in another variable. In economics, elasticity typically refers to the responsiveness of quantity demanded or quantity supplied to changes in price, income, or other factors. Therefore, choice D, quantity stretch, is the best option as it closely matches the definition of elasticity in economics. Choices A, B, and C do not accurately reflect the concept of elasticity.

(Consider This) Elasticity Can Be Thought of as Degree of Relative