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Sindrei [870]
3 years ago
6

How does the elasticity of a good affect its price?

History
1 answer:
Allisa [31]3 years ago
6 0

Answer:

Less elastic price = the price will stay around the same price. More elastic price = a lot of price fluctuation.  

Explanation:

If the good is essential, then its elasticity is less than other non-essential products.

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