The lowest possible elasticity shown here is

A) 10.
B) 1.0.
C) 0.1.
D) 0.01.
E) 0.001.

Question

The lowest possible elasticity shown here isA) 10.B) 1.0.C) 0.1.D) 0.01.E) 0.001.

Skyler Corbett · Accepted Answer

Final Answer : E, Explanation :  Elasticity measures the responsiveness of one variable to changes in another variable. The lower the elasticity, the less responsive the variable is. Among the given options, 0.001 is the lowest value, indicating the least responsiveness.

The lowest possible elasticity shown here is

A) 10.
B) 1.0.
C) 0.1.
D) 0.01.
E) 0.001.

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