Ask Question
Social StudiesSocial Studies
28 October, 16:43

The degree to which quantity demanded changes after a price change is called elasticity of demand. a substitute good. a complementary good. consumer demand.

+1
Answers (1)
  1. 28 October, 19:24
    0
    The degree to which quantity demanded changes after a price change is called elasticity of demand. It is the degree to which changes in a goods price affect quantity demanded by consumers and shows how sensitive the demand for a good is. If a change in price results in a big change in the amount supplied the demand is elastic.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The degree to which quantity demanded changes after a price change is called elasticity of demand. a substitute good. a complementary good. ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The difference between a status and a role is that we occupy a
Answers (1)
Other things equal, a serious recession in the economies of U. S. trading partners will: A. have no perceptible impact on the U. S. economy. B. cause inflation in the U. S. economy. C. depress real output and employment in the U. S. economy. D.
Answers (1)
In the movie "Remember the Titans" What did coach Boone mean when he said, "Take a lesson from The Dead?"
Answers (1)
In what type of surveillance is there an exchange of information among people with relatively equal levels of power?
Answers (1)
Which of the following best describes aggression? A. The need to strike out verbally or physically B. Losing your house because of a fire caused by faulty wiring you couldn't fix C.
Answers (1)
New Questions in Social Studies
Which of the following is a deduction for AGI? a. Roof repairs to a personal use home. b. Contribution to a traditional IRA. c. Property tax on personal residence. d. Safe deposit box rental fee in which stock certificates are stored. e.
Answers (1)
You are creating a budget for your business. What should you include?
Answers (1)
What are effective ways to study for a test? check all that apply. making sure to be well prepared eating properly staying up later to study if necessary getting enough sleep using the proper study methods
Answers (2)
The terms brinkmanship, peaceful coexistence, and détente are most closely associated with
Answers (1)
The evolutionary theory that suggests we work to regulate and control our partners' access to potential rivals is: Group of answer choices intimate resistance. intimate terrorism. mate-resistance. mate-guarding.
Answers (1)
Home » Social Studies » The degree to which quantity demanded changes after a price change is called elasticity of demand. a substitute good. a complementary good. consumer demand.
Sign Up Forgot Password?