What Is Elasticity?

Next video:
Loading the player...

Elasticity measures the relationship between a good and its price based on consumer demand, consumer income, and its available supply. Learn the basics about it here.

You May Also Like

Related Articles
  1. Economics

    Where is cost of living lowest in the world?

  2. Investing Basics


  3. Economics

    Economics Basics

  4. Investing

    Opportunity Cost

  5. Fundamental Analysis

    How Influential Economists Changed Our History

  6. Economics

    How Fannie Mae And Freddie Mac Were Saved

  7. Economics

    The Economics Of Labor Mobility

Trading Center