Different Types of Elasticity in Economics

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Added on 2023/01/11

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This report discusses the different types of elasticity in economics, including price elasticity of demand, income elasticity of demand, and cross elasticity of demand. It also explores the usefulness of these elasticities for businesses. Additionally, it explains how commercial banks create money through loans and the measures used by central banks to control money creation.

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Different Types of Elasticity in Economics

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