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20-12-2020
Social Studies

contestada

Explain the difference between elastic, inelastic and
fixed supply.

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siyabagish2006 siyabagish2006

20-12-2020

Answer:

n elastic demand or elastic supply is one in which the elasticity is greater than one, indicating a high responsiveness to changes in price. An inelastic demand or inelastic supply is one in which elasticity is less than one, indicating low responsiveness to price changes

Explanation:

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