The ratio between the percentage change in the quantity. Webonly one seller of a good. Explore quizzes and practice tests created by teachers and students or create one.

Weban economics concept that measures responsiveness of one variable to changes in another variable. Study with quizlet and memorize flashcards containing terms like in the short run, firms will choose to shut down if. , point a, point b and more. Suppose that ob cannot price that is,.