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26-27 Ignite Economics-KY-Economics
Case Study: Starting a Business — Unit test
Question 14
14
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Case Study: Starting a Business — Unit test
Question 14 of 12 • 26-27 Ignite Economics-KY-Economics
What does elasticity measure in economics?
Answer
h
how the amount of a good changes when the producer hires more employees
h
how the amount of a good changes when the producer uses new materials
h
how the amount of a good changes when its price goes up or down
h
how the amount of a good changes when its distribution expands
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