Elasticity in areas other than price

added blog Financial Services

2023-04-14 17:08:27 -

Key points Elasticity is a general term, referring to percentage change of one variable divided by percentage change of a related variable that can be applied to many economic connections. Elasticity applies in labor markets and financial capital markets just as it does in markets for goods and services. Cross-price elasticity of demand is the percentage change in...

0 Comments 0 Shares 14K Views 0 Reviews