Infinite elasticity
Revision as of 07:48, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Infinite elasticity is the extremely elastic situation where quantity changes by an infinite amount in response to even a tiny change in price. ==Definition== According t...")
Infinite elasticity is the extremely elastic situation where quantity changes by an infinite amount in response to even a tiny change in price.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Infinite elasticity. The extremely elastic situation where quantity changes by an infinite amount in response to even a tiny change in price.