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stira [4]
3 years ago
11

the measure of how demand changes after price adjustments is called (a)elastic, demand (b)inelastic demand, (c)the law of demand

, (d)consumer demand
Social Studies
1 answer:
snow_tiger [21]3 years ago
7 0
The correct answer for the question that is being presented above is this one: (a) elastic demand. The measure of how demand changes after price adjustments is called elastic demand. T<span>he percentage change in quantity demanded is smaller than that in price. Hence, when the price is raised, the total revenue increases, and vice versa.</span>
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