History, 07.07.2019 17:00, makaylacroy02

What is the best definition of elasticity in economics? a. elasticity of supply measures how the amount of a good changes when the producer hires more employees. b. elasticity of supply measures hot the amount of a good changes when the producer uses new materials. c. elasticity of demand measures how the amount of a good changes when it’s price goes up or down. d. elasticity of demand measures how the amount of a good changes when it’s distribution expands.

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What is the best definition of elasticity in economics? a. elasticity of supply measures how the a...