Elasticity of demand measures the__________
A. Sensitivity of sales to changes in a particular causal factor
B. Sensitivity of production to changes in a particular cost
C. Value of price and cost
D. Volume of product
Answer:A
Elasticity of demand measures the__________
A. Sensitivity of sales to changes in a particular causal factor B. Sensitivity of production to changes in a particular cost C. Value of price and cost D. Volume of product