The Element of the Communication Process That Closes the Loop

question 4

Multiple Choice

The element of the communication process that closes the loop in the communication flow and allows the sender to monitor how a message is being received and interpreted is:

• A) encoding
• B) reception
• C) response
• D) feedback

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Definitions:

Elasticity Measures

These are metrics used in economics to assess how the quantity demanded or supplied of a good changes in response to changes in price or other factors.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a high responsiveness.

Elasticity

A measure in economics of how the quantity demanded or supplied of a good changes in response to changes in price or other factors.

Considered Elastic

A description for goods or services whose demand or supply is significantly responsive to changes in price.