The Concept Used by Economists to Indicate the Responsiveness of the Quantity

question 23

Multiple Choice

The concept used by economists to indicate the responsiveness of the quantity demanded of a good to a change in its price is the

• A)cross elasticity of demand.
• B)income elasticity of demand.
• C)substitute elasticity of demand.
• D)price elasticity of demand.
• E)elasticity of supply.

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Definitions:

Multi-Factor Authentication

A security system that requires more than one method of authentication from independent categories of credentials to verify the user's identity.

Authorization

The process or act of granting specific rights or permissions to access and use resources, often within computers or networks.

Bridge

In networking, a device that connects and passes communication between two network segments.

Worms

Malicious software programs that replicate themselves in order to spread to other computers, often causing harm by consuming bandwidth or corrupting data.