Question

Any help 80 points

A measure of responsiveness of consumers and producers to changes in price or quantity demanded


A elasticity

B profit

C competition

D equilibrium

Answer 1

It would be A, elasticity.

Step-by-step explanation:

The degree to which individuals, consumers, or producers adjust their demand or the amount supplied in reaction to price or income changes is known as elasticity in business and economics. It's mostly used to figure out how much a change in a product's or service's pricing changes consumer demand.

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