Economics · Economics
Which of the following is used to measure the responsiveness of quantity demanded and quantity supplied to changes in price?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1According to the elasticity of demand and supply✓
- 2According to the income of both buyers
- 3According to the elasticity of supply
- 4According to the elasticity of demand
Correct answer
According to the elasticity of demand and supply
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