Elasticity in areas other than price

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added blog Financial Services

2023-07-07 20:37:00 -

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...

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