Price flexibility/Definition: Difference between revisions
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imported>Nick Gardner (New page: A situation in which prices act instantaneously to bring supply into equality with demand (see supply and demand).) |
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The property of a market in which prices act rapidly to bring supply into equality with demand (see [[supply and demand]]). | |||
Latest revision as of 12:35, 19 January 2010
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Price flexibility [r]: The property of a market in which prices act rapidly to bring supply into equality with demand (see supply and demand).