Provide the definition and you may algorithm off rate flexibility regarding demand and you may give an explanation for suppleness collectively good linear consult bend
Provide the definition and you may algorithm off rate flexibility regarding demand and you may give an explanation for suppleness collectively good linear consult bend Question six. Answer: Rates Flexibility regarding Demand: It’s a measure of the responsiveness of one’s interest in a adjust in price, which is, alterations in the amount needed in terms…