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When the money market is drawn with the value of money on the vertical axis,an increase in the money supply shifts the money supply curve to the
Elastic
Describes a situation where the demand or supply for a good or service significantly changes in response to a change in price.
Unit Elastic
A demand or supply situation where a percentage change in price leads to an equal percentage change in quantity demanded or supplied.
Elasticity of Demand for Cookies
A measure of how much the quantity demanded of cookies changes in response to a change in price.
Elasticity of Demand
A metric that assesses the sensitivity of the demand for a good to shifts in its price level.
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