![](/assets/artwork/1x1-42817eea7ade52607a760cbee00d1495.gif)
11 min
![](/assets/artwork/1x1-42817eea7ade52607a760cbee00d1495.gif)
Elasticity of Demand Economic Lowdown
-
- Education
Elasticity is a measure of how sensitive, or responsive, consumers are to a change in price.
Elasticity is a measure of how sensitive, or responsive, consumers are to a change in price.
11 min