Why is elasticity important in economics - SS2 Economics Concept of Elasticity And Its Application Question
Why is elasticity important in economics?
A
It helps us understand how changes in one economic variable affect other economic variables.
B
It helps us measure the total amount of economic activity in an economy.
C
It helps us determine the amount of government regulation in an economy.
D
It helps us calculate the number of resources available in an economy.
correct option: a
Please share this, thanks:
Add your answer
No responses