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is the corn market considered elastic or inelastic?
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Gearclash
Posted 4/30/2023 11:36 (#10209712 - in reply to #10209635)
Subject: RE: is the corn market considered elastic or inelastic?


Sioux County, NWIA
If price increase reduces the volume purchased of a product, it is considered to have an elastic price. Elasticity will vary by product of course.
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