Monday, March 19, 2018

Chamberlain ECON 312 ECON312 Week 2 Discussion Price Elasticity

Chamberlain ECON 312 ECON312 Week 2 Discussion Price Elasticity


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ECON 312 Week 2 Discussion Price Elasticity (Chamberlain College of Nursing)
Elasticity shows the responsiveness of supply or demand to changes in price. What are the factors exerting influence on price elasticities of supply and demand?
Instructor question: Would you consider your demand for gas to be relatively elastic or inelastic?

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