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vichka [17]
3 years ago
5

Elasticity measures the behavioral response of economic agents in a given situation.

Business
1 answer:
aev [14]3 years ago
6 0

Answer:

The correct answer is letter "A": If a business raises it prices, will that have a large or small on demand?

Explanation:

Elasticity is a measure of a variables' reaction to a change in another variable. <em>It can describe the extent to which the supply or demand for a good or service changes with the price of goods or consumer income</em>. When an item has many possible substitutes, its demand will be more elastic.

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