Is the measure of the sensitivity of one variable to a change in another quizlet?

describes demand that is very sensitive to a change in price.
elastic: a term used when the price elasticity of demand is numerically greater than 1 but less than infinity.

эластичный: термин, используемый, когда ценовая эластичность спроса численно больше 1, но меньше бесконечности. описывает спрос, который очень чувствителен к изменению цены.

небольшие изменения в цене = большие изменения в спросе
1<эласт.<бесконечность

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Is the measure of the sensitivity of one variable to a change in another?

Elasticity is a measure of a variable's sensitivity to a change in another variable, most commonly this sensitivity is the change in quantity demanded relative to changes in other factors, such as price.

Is a measure of how responsive one variable is to a change in another variable listen to the complete question?

elasticity of demand indicates the inverse relationship that exists between the price and the quantity demanded. ...is a measure of how responsive one variable is to a change in another variable. the slope of a linear demand curve is the change in price...by the change in quantity demanded.

Is a measure of the sensitivity of quantity demanded to changes in the price of a product?

The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.

Which of the following measures how responsive one variable is to changes in another variable select the correct answer below?

To find answers to these questions, we need to understand the concept of elasticity. Elasticity is an economics concept that measures the responsiveness of one variable to changes in another variable.