Siteadmin, Check users, Administrators
6,631
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − {{move|Elastic good}}
no edit summary
An '''elastic good''' is a good that has [[Elastic Demand|elastic demand]]. If a product is elastic, consumers will be able to easily adapt to the change through substitution. If the price of an elastic good is raised, it causes a significant drop in demand.
An '''elastic good''' is a good that has [[Elastic Demand|elastic demand]]. If a product is elastic, consumers will be able to easily adapt to the change through substitution. If the price of an elastic good is raised, it causes a significant drop in demand.