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.

---

Definitions:

Generative Learning

A process of learning where individuals actively make connections between new information and their existing knowledge, enhancing understanding and retention.

Learning 2.0

An approach to education that integrates technology, especially web-based tools and platforms, to facilitate interactive, collaborative, and personalized learning experiences.

Evolution Of Learning

The process of change and development in learning theories, practices, and methodologies over time.

Group-Level Learning

A process where groups within an organization collectively acquire, share, and integrate knowledge to improve performance.