Examlex
Can value can be created by waiting for uncertainty to resolve?
Completely Inelastic
A situation in which the demand or supply for a good or service is totally unresponsive to price changes.
Inelastic
Describes a condition where the demand or supply for a good or service is not significantly changed by changes in price.
Elastic
Elasticity in economics refers to the responsiveness of demand or supply to changes in price or income.
Completely Inelastic
Describes a situation where the demand or supply for a good or service does not change in response to changes in price.
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