The measure of how demand changes after price adjustments is called (a)elastic, demand (b)inelastic demand, (c)the law of demand, (d)consumer demand

The correct answer for the question that is being presented above is this one: (a) elastic demand. The measure of how demand changes after price adjustments is called elastic demand. The percentage change in quantity demanded is smaller than that in price. Hence, when the price is raised, the total revenue increases, and vice versa.

I already answered this question. I don't think people are allowed to ask the same question over and over again.