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Cryptocurrency Q&A What is the concept of elasticity?

What is the concept of elasticity?

Giuseppe Giuseppe Fri Jan 17 2025 | 7 answers 1575
I'm trying to understand the concept of elasticity. I know it has something to do with how sensitive something is to changes, but I'm not sure exactly what it means in an economic context. What is the concept of elasticity?
elasticity concept question

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