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sertanlavr [38]
2 years ago
14

Whats the difference between elastic and inelastic in business

Business
1 answer:
Masteriza [31]2 years ago
8 0

Answer:

Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.

Explanation:

Hope this helps

From,

1kvibing

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