In General,elasticity Is a Measure of

question 19

Multiple Choice

In general,elasticity is a measure of

• A)the extent to which advances in technology are adopted by producers.
• B)the extent to which a market is competitive.
• C)how fast the price of a good responds to a shift of the supply curve or demand curve.
• D)how much buyers and sellers respond to changes in market conditions.

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Definitions:

Trumpet

A brass musical instrument with a flared bell and a bright, penetrating tone, played by blowing into a small mouthpiece.

Topic Sentence

A sentence that expresses the main idea of a paragraph, often positioned at the beginning.

Pyrotechnics

Pyrotechnics refers to the science and art of creating firework displays and other related pyrotechnic effects used in performances and celebrations.

Gunpowder

A chemical mixture used in the past as a propellant in firearms and fireworks, consisting mainly of saltpeter, charcoal, and sulfur.