Which of the following is not a function ofelasticity in the real world?OIt gives a signal to the producers if there isan incentive for price changes in any area.It is an indicator of the possible changes inprices of a customer, given a demand in anarea.OIt is an indicator of the product-market fit ofa specific product or service, as indicated inthe income of an area overtime.OIt is an indicator of the possible changes inproducer's changes in supply in an area givenprice changes.

Elasticity can be of various types like Demand elasticity.Income elasticity.Supply elasticity

Which of the following is not a function of elasticity in the real world? O O It gives a signal to the producers if there is an incentive for price changes in any area. It is an indicator of the possible changes in prices of a customer, given a demand in an area. It is an indicator of the product-market fit of a specific product or service, as indicated in the income of an area overtime. It is an indicator of the possible changes in producer's changes in supply in an area given price changes.

Which of the following is not a function of elasticity in the real world? O O It gives a signal to the producers if there is an incentive for price changes in any area. It is an indicator of the possible changes in prices of a customer, given a demand in an area. It is an indicator of the product-market fit of a specific product or service, as indicated in the income of an area overtime. It is an indicator of the possible changes in producer's changes in supply in an area given price changes.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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