elasticity is simply a measure of how [...] one variable is to change in the value of another variable
Answer
sensitive
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it elasticity is simply a measure of how sensitive one variable is to change in the value of another variable
Original toplevel document
4.3. Income Elasticity of Demand: Normal and Inferior Goods
In general, elasticity is simply a measure of how sensitive one variable is to change in the value of another variable. Quantity demanded of a good is a function not only of its own price, but also consumer income. If income changes, the quantity demanded can respond, so the analyst needs to understand
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.