Wiktionary(0.00 / 0 votes)Rate this definition: 1  upheaval(Noun) the process of being heaved upward, especially the raising of part of the earth's crust. 2  upheaval(Noun) a sudden violent upset, disruption or convulsion.
MicroEcon Test 2 Correct 1. The price elasticity of demand coefficient measures: A) buyer responsiveness to price changes. B) the extent to which a demand curve shifts as incomes change. C) the slope of the demand curve. D) how far business executives can stretch their fixed costs. Points Earned: 1.0/1.0 Correct Answer(s): A Correct 2.
the price elasticity of demand Flashcards | Quizlet â the case where the quantity demand ed is completely unresponsive to price, and the price elasticity of demand equals zero. demand or supply for which the elasticity coefficient is equal to 1; means that the percentage change in the quantity demand ed or supplied is equal to the percentage change in cost.