When Studying How Some Event or Policy Affects a Market,elasticity

question 3

Multiple Choice

When studying how some event or policy affects a market,elasticity provides information on the

• A)equity effects on the market by identifying the winners and losers.
• B)magnitude of the effect on the market.
• C)speed of adjustment of the market in response to the event or policy.
• D)number of market participants who are directly affected by the event or policy.

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Definitions:

Predisposition

An inclination or tendency to behave in a particular way or to be affected by a particular condition.

Inconsistent

Exhibiting lack of regularity or steadiness; having elements that do not align or match.

Defect

A shortcoming, imperfection, or lack in a component, system, or person that may cause it or them not to meet certain standards.

Types

Categories or distinct groups into which entities with common characteristics or attributes are divided.