#918455

#918455: Elasticity is predominantly used to assess the change in consumer … as a result of a change in a good or service's price.

Elasticity is predominantly used to assess the change in consumer … as a result of a change in a good or service's price.
Варианты ответа:
  • Demand
  • Elasticity
  • Inelastic
  • Price

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Тематика: Инвестиционная деятельность Организация предпринимательской деятельности Управление собственным бизнесом
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When the value of … is greater than 1.0, it suggests that the demand for the good or service is not affected by the price. … elasticity is an economic measure of the sensitivity of demand relative to a change in another variable. … elasticity of supply measures the responsiveness of quantity supplied to a change in price. … supply is a change in price that causes a smaller proportional change in quantity supply. … tends to be more price inelastic in the short-run as consumers don’t have time to find alternatives.