Elasticity is the measurement of how responsive an economic variable is to a change in another.
Elasticity is the measurement of how responsive an economic variable is to a change in another. Elasticity can be quantified as the ratio of the percentage change in one variable to the percentage change in another variable, when the latter variable has a causal influence on the former.
|
created |
10 years ago by curiousdannii |
|
viewed |
34 times |
|
active |
9 years, 5 months ago |
|
editors |
1 |
