Price elasticity of demand and price elasticity of supply - Khan Academy
https://www.khanacademy.org/economics-finance-domain/microeconomics/elasticity-tutorial/price-elasticity-tutorial/a/price-elasticity-of-demand-and-price-elasticity-of-supply-cnx
WebElasticity can be described as elastic —or very responsive— unit elastic, or inelastic —not very responsive. Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner.
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