The Direct EIA Is Used to Detect_________ , Whereas the Indirect

question 53

Short Answer

The direct EIA is used to detect_________ , whereas the indirect EIA is used to detect_________.

---

Definitions:

Highly Elastic

refers to the sensitivity of demand or supply to changes in price or other factors, where a small change can cause a significant change in the quantity demanded or supplied.

Highly Inelastic

Describes a situation where supply or demand for a product or service is relatively unresponsive to changes in price.

Unit Elasticity

A situation where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.

Income Elasticity

A measure of how much the demand for a product changes in response to a change in consumers' income.