Question

What is the best definition of elasticity in economics? Elasticity of supply measures how the amount of a good changes when the producer hires more employees. Elasticity of supply measures how the amount of a good changes when the producer uses new materials. Elasticity of demand measures how the amount of a good changes when its price goes up or down. Elasticity of demand measures how the amount of a good changes when its distribution expands.

Answer 1

so its c

Step-by-step explanation:

Answer 2

Elasticity of demand measures how the amount of a good changes when its price goes up or down.

Step-by-step explanation:

bruh