Match the following terms with their proper definitions.
Potential Matches: 1 : measures the responsiveness of the quantity supplied of a good to changes in the price of that good 2 : a formula that measures the responsiveness along a specific section (arc) of a supply or demand curve and measures the "average" price elasticity between two points on the curve. 3 : measures the responsiveness of the quantity supplied of a good to changes in the price of the related good
Answer : Own-Price Elasticity of Supply : Cross-Price Elasticity of Supply : Arc Elasticity
| Match the following terms with their proper definitions. |
| Potential Matches: |
| 1 : measures the responsiveness of the quantity supplied of a good to changes in the price of that good |
| 2 : a formula that measures the responsiveness along a specific section (arc) of a supply or demand curve and measures the "average" price elasticity between two points on the curve. |
| 3 : measures the responsiveness of the quantity supplied of a good to changes in the price of the related good |
| Answer |
| : Own-Price Elasticity of Supply |
| : Cross-Price Elasticity of Supply |
| : Arc Elasticity |
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