for g-12 9. It shows the relationship between demand for a commodity and the factors that determine or influence this demand. a. demand b. demand function c. demand curve d. demand schedule 10. The government's specification with minimum or maximum current price of a particular good or service that disadvantageous to the producer or consumer. a. price ceiling b. price control d. surplus TI c. price floor . 11. The responsiveness of demand supply to a change in its determinants. a.Arc Elasticity b. Elasticity c. Point Elasticity d. Price Elasticity 12. At a given price, quantity demanded can change infinitely. The demand is a.elastic b. Inelastic c. Perfectly Elastic d. Perfectly Inelastic 13. The price elasticity of demand measures: a. The degree of responsiveness of quantity supplied to variation in price. b. The degree of responsiveness of quantity demanded to variations in price. c. The price of the commodity at which buyers are willing to buy. d. The number of goods that buyers are willing to buy. 14. The price of elasticity of supply measures: a. The degree of responsiveness of quantity supplied to variation in price. b. The degree of responsiveness of quantity demanded to variation in price. c. The price of the commodity at which buyers are willing to buy d. The number of goods that buyers are willing to buy.​