buc.populiweb. > Kindle Populi - Bethesda University Populi - Bethesda University 4) In the market for goods and services, quantity supplied and quantity demanded are often relatively slow to react to changes in price in _ -, but react more substantially in 1 Point O the long run; the short run O the short run; the long run O elasticity; inelasticity O inelasticity; elasticity _ is the percentage change in the quantity of good A that is demanded as a result of a percentage change in good B 1 Point O cross-price elasticity of demand constant unitary elasticity Oelastic demand O elastic supply 6) _ the highly inelastic case of demand or supply in which a percentage change in price, no matter how large, results in zero change in the quantity; vertical in appearance 1 Point perfect inelasticity O unitary elasticity O price elasticity O perfect elasticitybuc.populiweb.com Kindle Populi - Bethesda University Populi - Bethesda University O constant unitary elasticity O elastic demand ) _ of labor supplythe percentage change in hours worked divided by the percentage change in wages 1 Point O unitary elasticity O zero inelasticity O price elasticity O wage elasticity 10) Elasticity refers to 1 Point the change of many variables divided by the percentage change of a related variable that we can apply to many economic connections. O the change of one variable divided by the percentage of a related variable that we can apply to many economic connections None of these are correct. the change of one variable divided by the percentage change of a related variable that we can apply to many economic connections. Click the button below to submit your test. You will not be able to change your answers after this. Submit Test Terms of Service . Acceptable Use Policy . Support . System Stat MacBook Air esc F4buc.populiweb.c ED V