These are word's definitions related to elastic-demand. Click on any word to go to its word's detail page. Or, go to the definition of elastic-demand.
0 a situation in which a change in a product's price causes a big change in the number of products sold:
Commodities that are likely to have many substitutes, such as public transportation services and green peas, tend to have more elastic demand.
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May 10, 2021
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