menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics For Today Study Set 3
  4. Exam
    Exam 5: Price Elasticity of Demand and Supply
  5. Question
    A Measure of Sensitivity or Responsiveness to Changes in Price
Solved

A Measure of Sensitivity or Responsiveness to Changes in Price

Question 143

Question 143

Multiple Choice

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: If the price elasticity is supply coefficient

Q138: If New York City expects that an

Q139: Exhibit 5-9 Supply and demand curves for

Q141: Suppose the Pleasant Corporation cuts the price

Q142: Exhibit 5-9 Supply and demand curves for

Q144: If an increase in the price of

Q147: In the very short-run period,<br>A) the price

Q148: If the percentage change in the quantity

Q169: If the demand for cigarettes is highly

Q173: If the quantity demanded increases by 20

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines