Elastic

From CNM Wiki
Revision as of 01:31, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Elastic is the elasticity calculated from the appropriate formula has an absolute value greater than 1. ==Definition== According to Principles of Economics by Timothy T...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Elastic is the elasticity calculated from the appropriate formula has an absolute value greater than 1.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Elastic. The elasticity calculated from the appropriate formula has an absolute value greater than 1.