Elasticity of demand refers to the degree to which the quantity demanded of a good or service changes in response to a change in price.
Elasticity of supply refers to the degree to which the quantity supplied of a good or service changes in response to a change in price.
Elasticity of demand refers to the degree to which the quantity supplied of a good or service changes in response to a change in price.
Elasticity of supply refers to the degree to which the quantity demanded of a good or service changes in response to a change in price.
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