Elasticity measures the behavioral response of economic agents in a given situation. Which of the following questions is likely to be answered using price elasticity of demand? Responses If hot dogs go on sale, will it affect the price of bread? If hot dogs go on sale, will it affect the price of bread? If you get a pay raise, are you more productive at work? If you get a pay raise, are you more productive at work? If a business raises its prices, will that have a large or small impact on customer purchases