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5 January, 12:29

What does the term "elastic" describe?

demand whose elasticity is exactly equal to 1

the way consumers make substitutions

demand that is very sensitive to a change in price

demand that is not very sensitive to a change in price

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Answers (2)
  1. 5 January, 14:03
    0
    1. stretchy

    2. a brick?

    3. they complain

    4. yes

    5. yes
  2. 5 January, 14:51
    0
    Elastic describes demand that is very sensitive to a chance in price
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