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 true.

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 true.
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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 choices are true.

Elasticities Are Used to Measure Responses to a Change In