Examlex
The elderly are increasingly more difficult to medically evaluate due to the three major changes in the patients.Which of the following is not one of them?
Elastic
In economics, elastic refers to how the quantity demanded or supplied of a good responds to changes in its price; high elasticity indicates sensitivity to price changes.
Cross-price Elasticity
Cross-price Elasticity measures the responsiveness of the demand for one good to a change in the price of another good.
Elasticity of Supply
A measure of how much the quantity supplied of a good changes in response to a change in price.
Cross-price Elasticity
A measure of how the demand for one good changes in response to changes in the price of another good.
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