What Does Price Elasticity Measure

question 135

Multiple Choice

What does price elasticity measure?

• A) How much a market responds to a change in market conditions
• B) How much consumers or producers respond to a change in market price
• C) How quickly consumers or producers respond to a change in market price
• D) How quickly a market will respond to a change in market conditions

---

Definitions:

Autosomes

Chromosomes that are not involved in determining the sex of an organism, typically making up the majority of an organism's chromosomes.

Zygote

The initial cell formed when a new organism is produced by the union of sperm and egg cells, marking the beginning of embryonic development.

Chromosomes

Structures made of DNA and proteins found in the nucleus of most living cells, carrying genetic information in the form of genes.

Monozygotic (MZ) Twins

Twins who originate from a single fertilized egg, resulting in individuals with identical genetic makeup.