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The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is: a. total revenue. b. production p…

The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is: a. total revenue. b. production p…
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The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is:

a. total revenue.
b. production possibilities.
c. elasticity.
d. slope.

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User Yellos
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1 Answer

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The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is Elasticity
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User Joshua Noble
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