RE: 13-03-2024 - Economy - Elasticity [EN]-[IT]
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To some extent I guess the elasticity in economics is different from the one of physics
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You are viewing a single comment's thread:
To some extent I guess the elasticity in economics is different from the one of physics
Of course, elasticity in economics is something different from the elasticity we have in physics. Elasticity in economics is calculated through the ratio between the percentage change in quantity supplied and the percentage change in price. The elasticity of supply depends on the speed with which sellers are able to adapt to the new price !LUV
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