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Elasticity of demand.
Elasticity of demand is the degree to which demand for a good or service varies with its price.
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Asked 4/25/2012 11:55:04 PM
Updated 1/31/2015 10:40:24 PM
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This answer has been confirmed as correct and helpful.
Edited by yumdrea [1/31/2015 10:40:22 PM], Confirmed by yumdrea [1/31/2015 10:40:24 PM]
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Money is a good that acts as a medium of exchange in transactions.

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