4 ms·
Elasticity is a spectrum. The relative elasticity of housing demand might be best illustrated by comparing to a similarly priced good: personal vehicles. Which
by chimpanzee 2y ago
Elasticity is a spectrum. The relative elasticity of housing demand might be best illustrated by comparing to a similarly priced good: personal vehicles. Which is more elastic and why?
If you have another appropriate or even better comparison to offer, please do.