Economy, asked by bhavich1234, 3 months ago

Select at least 15 items of your use and describe the degree of price elasticity of each stating the reason.

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Answered by judahemmanuel066

Answer:

Elasticities can be usefully divided into three broad categories: elastic, inelastic, and unitary. An elastic demand or elastic supply is one in which the elasticity is greater than one, indicating a high responsiveness to changes in price.

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