Examlex
Which one of the following statements best defines measurements gained from the use of aptitude tests?
Quantity Purchased
The total number of units of a product or service bought by consumers in a specified period.
Price Elasticity
The evaluation of demand's reaction to fluctuations in the price of a particular good.
Responsiveness
The degree to which a variable responds to a change in an underlying factor, often used in economic contexts to describe changes in supply, demand, price, etc.
Price Elasticity
A measure of how much the quantity demanded or supplied of a product changes in response to a change in its price.
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