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Author Question: Elasticity is a measure of: a. the slope of a linear demand curve. b. the slope of a supply curve. ... (Read 148 times)

awywial

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on: Jun 30, 2018
Elasticity is a measure of:
 a. the slope of a linear demand curve.
  b. the slope of a supply curve.
  c. relative responsiveness.
  d. economic welfare.
  e. consumer tastes.

Question 2

A measure of sensitivity or responsiveness to changes in price or income is called:
 a. elasticity.
  b. technology.
  c. supply and demand.
  d. social pressure.
  e. kickback.


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leeeep

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


awywial

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  • Posts: 577
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

nothere

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Reply 3 on: Yesterday
Excellent

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