Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

econ 103 > ch 5 > Flashcards

ch 5 Flashcards

1
Q

elasticity

A

Elasticity is a measure of how much buyers and sellers
respond to changes in market conditions. is a measure of the responsiveness of quantity
demanded or quantity supplied to one of its determinants.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

econ 103 (2 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions