Author Question: Price elasticity of demand is useful because it measures __________ responsiveness to changes in ... (Read 65 times)

cagreen833 · **on:** Jul 1, 2018

Price elasticity of demand is useful because it measures __________ responsiveness to changes in __________.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income

Question 2

Another word for elasticity is
a. responsiveness
b. happiness
c. bonus
d. profit
e. surplus