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19 June, 04:06

What does the term "elastic" describe?

demand whose elasticity is exactly equal to 1

the way consumers make substitutions

demand that is very sensitive to a change in price

demand that is not very sensitive to a change in price

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Answers (2)
  1. 19 June, 04:44
    0
    1. stretchy

    2. a brick?

    3. they complain

    4. yes

    5. yes
  2. 19 June, 07:35
    0
    Elastic describes demand that is very sensitive to a chance in price
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