fruitsnaxFTW5426 fruitsnaxFTW5426
  • 19-03-2018
  • Business
contestada

Demand is said to be ___________ when the quantity demanded is very responsive to changes in price. elastic unit elastic inelastic independent

Respuesta :

MrsTriplet MrsTriplet
  • 28-03-2018
Demand is said to be elastic when the quantity demanded is very responsive to changes in price. 

Elasticity is defined as an ability to adapt and change. When the price changes and we measure how demand and quantity change also, we see how it reflect based on price. Price is the driving force of what we are measuring and how many items are demanded. 
Answer Link

Otras preguntas

If you have 15 blocks and divide the blocks equally among 5 friends, how many blocks does each friend receive?
What is 2,443,805,567 rounded to the nearest hundred
How are crystals formed?
Six students all took the same test. Their scores were 70, 71, 75, 75, 88, 89. What is the mean absolute deviation for the test scores? A) 7 B) 7.
Question 1 (1point) Please fill in the blank to complete the command if you were talking to a friend. Eat more vegetables. ¡________ más verduras! Questio
He's studying science to have a profession as a doctor or nurse. What part of this sentence makes a prediction
how do you find the area of the kite?
Simplify the expression -8(3y+5)-5
Physics Question please solve it​
Which three states are the western plateau