CHAPTER REVIEW

KEY CONCEPTS

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

elasticity of demand
unit elastic
a measure of how responsive the quantity demanded is to a change in price.
A strategy that has a higher payoff than any other strategy no matter what the other player does.
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