Question

What do you mean by elasticity?​

Answer 1

Elasticity

ElasticityPhysics

ElasticityPhysicsElasticity is an economic concept used to measure the change in the aggregate quantity demanded for a good or service in relation to price movements of that good or service. A product is considered to be elastic if the quantity demand of the product changes drastically when its price increases or decreases

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Answer 2

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