Price suppleness actions brand new responsiveness of one’s number demanded or supplied a good so you’re able to a general change in its rate

Price suppleness actions brand new responsiveness of one’s number demanded or supplied a good so you’re able to a general change in its rate We can establish flexibility once the elastic (or most responsive), device flexible, or inelastic (not very receptive). Flexible consult otherwise also provide contours imply that amounts needed or offered answer price…
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