Define the concept of elasticity.
Explain how a higher price and a lower price affect consumers and producers.
Share how the changes of price for an elastic good and an inelastic good you use regularly has affected your purchasing and lifestyle.
Define the concept of elasticity.
Explain how a higher price and a lower price affect consumers and producers.
Share how the changes of price for an elastic good and an inelastic good you use regularly has affected your purchasing and lifestyle.
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