Difference between revisions of "Elastic good"
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| − | An Elastic Good is a good that has [[Elastic Demand]]. 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]]. If the price of an elastic good is raised, it causes a significant drop in demand. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 21:57, June 1, 2007
An Elastic Good is a good that has Elastic Demand. If the price of an elastic good is raised, it causes a significant drop in demand.