New answers tagged supply-and-demand
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Is the supply and demand elasticity equal at the equilibrium?
No, the supply and demand elasticity are not always equal at the equilibrium.
Here is an example of a market where the elasticity of demand and supply are not equal at the equilibrium. Suppose the ...
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Why would lowering quantity supplied cause to quantity demanded to increase?
lower price means that the consumer is getting a 'better deal' and will be more inclined to purchase. if more people are willing to buy at this lowered price - aka the 'better deal' - then the demand -...
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Is the supply and demand elasticity equal at the equilibrium?
supply & demand elasticities are independent of each other and don't depend on the equilibrium.
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