Why are price elasticities of demand called elastic

Reference no: EM133426252

Why are price elasticities of demand called elastic or "inelastic" when other elasticities (income or cross-price) are not?

Reference no: EM133426252

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Why are price elasticities of demand called elastic : Why are price elasticities of demand called elastic or "inelastic" when other elasticities (income or cross-price) are not?

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