5.1B Elasticity Review
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Last updated over 2 years ago
6 questions
1
In regular human everyday language, what is elasticity again?
In regular human everyday language, what is elasticity again?
1
What kind of elasticity is shown here for supply?
What kind of elasticity is shown here for supply?
1
1
In plain language, what does it mean when elasticity is greater than 1?
In plain language, what does it mean when elasticity is greater than 1?
1
When price changes a little bit...
When price changes a little bit...
1
In these scenarios, when price changes...
In these scenarios, when price changes...