Cryptocurrency Q&A What is the connection between elasticity and demand and supply?

What is the connection between elasticity and demand and supply?

BlockchainBaron Mon Jan 20 2025 | 6 answers 1068

I want to understand the relationship between elasticity, demand, and supply. How does elasticity affect the demand and supply of a product or service in the market? Is there a correlation between the three? What is the connection between elasticity and demand and supply?

What is the connection between elasticity and demand and supply?

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