Please enable JavaScript.

Coggle requires JavaScript to display documents.

ELASTICITY (The Variety of Demand Curve (a) Perfectly Inelastic Demand :…

- - - - Availability of close substitute
      - Necessaries vs Luxuries
      - Definition of market
      - Time horizon
- - - - Measures how the quantity demanded changes as consumer income change
    - - Measures how the quantity demanded of one good responds to a change in the price