What is Elasticity? Explaining Types of Elasticity in Finance and Economics
Peak Frameworks
JUNE 21, 2023
It is a valuable tool, providing insight into how changes in external factors, like price or income, can influence economic behaviors and outcomes. A practical example can be observed in the aftermath of the 2008 financial crisis. The goal was to take advantage of high prices, which would lead to increased revenues and profits.
Let's personalize your content