Question

question 8 points 1 a product is considered elastic if _. the quantity demanded of the particular good or service is very dependent on price the quantity demanded of a particular good or service is not dependent on price the market forces for the quantity demanded of a particular good or service is protected by taxes the quantity supplied of the particular good or service is not dependent on price questions 7/10 answered reset button will be enabled after completing this assessment. 2/2 available

Explanation:

In economics, a product is elastic when the quantity demanded changes significantly in response to price changes, meaning it is highly dependent on price.

Answer:

The quantity demanded of the particular good or service is very dependent on price.