When Elasticity Is E>1,the Price Elasticity Is ____________________ Elastic

question 129

Short Answer

When elasticity is e>1,the price elasticity is ____________________ elastic.

---

Definitions:

Rental Capacity

The maximum number of units or space a property can offer for lease at any given time.

Automobile Rental

A service industry providing temporary access to vehicles on a short-term basis, typically ranging from a few hours to weeks.

OptQuest

An optimization software that uses various algorithms to find the best possible solutions to complex problems.

Crystal Ball

A metaphor often used to represent the attempt to predict or foresee future events, typically used in the context of speculation or forecasting.