a-1, b-2, c-3, d-4
a-4, b-3, c-1, d-2
a-3, b-4, c-2, d-1
a-2, b-4, c-1, d-3
Answer is Wrong!
Answer is Right!
The correct answer is: A. a-1, b-2, c-3, d-4
- Price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
- Income elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in income. It is calculated as the percentage change in quantity demanded divided by the percentage change in income.
- Cross elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in the price of another good. It is calculated as the percentage change in quantity demanded of the good divided by the percentage change in the price of the other good.
- Taste elasticity of demand measures the responsiveness of the quantity demanded of a good 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube