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The midpoint between elastic and inelastic is unit elastic
An elastic item benefits from price decreases whereas an inelastic item does not.
elastic
is soap elastic or inelastic supply
Inelastic
difference between elastic and inelastic demand
The midpoint between elastic and inelastic is unit elastic
what is elastic and inelastic collision what is elastic and inelastic collision what is elastic and inelastic collision
An elastic item benefits from price decreases whereas an inelastic item does not.
Elastic collision transfers more energy into motion while inelastic transfers energy into deformation of the objects. Elastic could be called more efficient transfer.
Elastic collision transfers more energy into motion while inelastic transfers energy into deformation of the objects. Elastic could be called more efficient transfer.
elastic
Elastic goods usually have many substitutes, so changes in price will decrease demand. Inelastic goods, on the other hand, have very few substitutes, so demand isn't generally affected by price change.
is soap elastic or inelastic supply
Elastic goods usually have many substitutes, so changes in price will decrease demand. Inelastic goods, on the other hand, have very few substitutes, so demand isn't generally affected by price change.
elastic
Inelastic