103k views
1 vote
Which of the following best describes the concept of elastic demand?

User Wes Field
by
7.7k points

1 Answer

2 votes
------------------elasticity of demand measures the sensitivity of the quantity demanded to changes in the price
User Petrbel
by
7.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.