Economy, asked by GôldGrâće, 1 year ago

DEFINE:
DEMAND ELASTIC
DEMAND INELASTIC

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Answers

Answered by starkhan12328
4
Key Differences Between Elastic and Inelastic Demand. ... Elastic Demand is when a small change in the price of a good, cause a greater change in the quantity demanded. Inelastic demand means a change in the price of a good, will not have a significant effect on the quantity demanded

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Answered by aryankunalroy38
3

Elastic demand is an economic concept that occurs when the quantity of a product responds intensively to a change

and

Inelastic demand in economics is when people buy about the same amount whether the price drops or rises. That happens with things

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