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   Doc ID73023
OwnerMichel W.GroupAnimal Agriculture &
Sustainable Develop.
Created2017-04-30 14:18:38Updated2017-04-30 14:18:50
SitesDS 472 Agriculture Sustainable Development
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