What is the definition of elasticity vs inelasticity i
What is the definition of elasticity vs. inelasticity. I understand based on number (price elasticity) but what does it mean if something is elastic or inelastic? What are the effects on the product/point on a graph?
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what is the definition of elasticity vs inelasticity i understand based on number price elasticity but what does it
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a demand function is given by the equation q 107 - 4psuppose the price is p 12at this price find the price elasticity
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