what does elasticity measure in economics?\n○ how the amount of a good changes when the producer hires more…

what does elasticity measure in economics?\n○ how the amount of a good changes when the producer hires more employees\n○ how the amount of a good changes when the producer uses new materials\n○ how the amount of a good changes when its price goes up or down\n○ how the amount of a good changes when its distribution expands

what does elasticity measure in economics?\n○ how the amount of a good changes when the producer hires more employees\n○ how the amount of a good changes when the producer uses new materials\n○ how the amount of a good changes when its price goes up or down\n○ how the amount of a good changes when its distribution expands

Answer

Answer:

how the amount of a good changes when its price goes up or down

Brief Explanations:

In economics, elasticity measures responsiveness of quantity demanded or supplied to price changes.