A l ife-saving medicine without any close substitutesw•lltend to have• a small elasticity of demand.b. a la'lle elastici ty of demand.o a small elasticity of supolv.d. a faille elastici ty of supply.

12. Price elasticity of demand meank: A. The respensiveness op quantity demande d to changes'in price constant. , holding other factors B. the Aemsitivity of com sumera to buy the good due to changis in price, holding ether factort constant. C. Only A Mx corre t. 0, D. Both A and B are corre et.

Fast pls solve this question correctly in 5 min pls I will give u like for sure sini DETAILS If the demand function for a particular purse is p = 120 - 4√, use elasticity to find the price and corresponding quantity that maximize revenue. price dollars quantity purses

Question 4 If the semi-elasticity between x and y is -2, what does it mean? A. When x decreases by 2%, y increases by 5% B. When x decreases by 1 unit, y increases by 2% C. When x decreases by 1%, y increases by 2 units OD. When x increases by 1%, y decreases by 2 units E. When x increases by 2%, y decreases by 4% OF. None of the options given are correct