boos5
boos5 boos5
  • 05-03-2020
  • Business
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What is the difference between elastic and inelastic demand?

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cdigon31 cdigon31
  • 05-03-2020

Answer:

Elastic Demand is when a slight change in a price of a good causes a greater change in the quantities demanded. Inelastic Demand is when a change in price of a good does not have a big effect on the amount of quantities demanded.

Explanation:

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