The concept of elasticity of supply measures the responsiveness of the ……. ?
Select ONE answer:
- quantity supplied to a change in price.
- quantity demanded to a change in quantity supplied.
- price to a change in quantity supplied.
- quantity supplied to a change in quantity demanded.
Explain how changes in advertising and branding may cause a shift in the demand curve:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This is multiple choice question is suitable for Economics KS5 classes.
The answer is 1
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