Elastic (goods and services)

Elastic goods and services generally have plenty of substitutes. Inelastic goods have fewer substitutes and price change doesn't affect quantity demanded as much. Some inelastic goods include gas, electricity, water, drinks, clothing, tobacco, food, and oil.




Keywords:Elastic (goods and services)   Doc ID:73023
Owner:Michel W.Group:DS 472 Agriculture Sustainable Development
Created:2017-04-30 13:18 CSTUpdated:2017-04-30 13:18 CST
Sites:DS 472 Agriculture Sustainable Development
Feedback:  0   0