In Economics,elasticity Means _____

question 55

Multiple Choice

In economics,elasticity means _____

• A)responsiveness to price changes.
• B)shifts in demand.
• C)shifts in supply.
• D)how many goods money can buy.
• E)how corporations maximize their revenue.

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Definitions:

Cash Payments Journal

An accounting journal used to record all cash payments, including expenses and creditor payments.

Check Register

A record kept to track written checks, deposits, and withdrawals in a checking account, aiding in account reconciliation and financial management.

Stock Purchases Register

A ledger or record keeping log for tracking all purchases of stock inventory over a period.

Voucher System

An accounting system used to authorize and record transactions such as purchases or sales.