1 Answer
Elasticity is one of the most important concepts in neoclassical economic theory. It is useful in understanding the incidence of indirect taxation, marginal concepts as they relate to the theory of the firm, and distribution of wealth and different types of goods as they relate to the theory of consumer choice. Elasticity is also crucially important in any discussion of welfare distribution, in particular consumer surplus, producer surplus, or government surplus. http://en.wikipedia.org/wiki/Elasticity_(economics)
| 12 years ago. Rating: 2 | |
Top contributors in Economics category
Unanswered Questions
kk345
Answers: 0
Views: 7
Rating: 0
Nhà Đài Oxbet
Answers: 0
Views: 6
Rating: 0
Bioskop is your go-to platform for the best online movie experience,
Answers: 0
Views: 10
Rating: 0
Sunwin - Cổng Game Đổi Thưởng Uy Tín Hàng Đầu
Answers: 0
Views: 8
Rating: 0
Long Biên Golf Villas
Answers: 0
Views: 5
Rating: 0
Buy Oxycontin 80mg Tablets online UK secure payment & Next-day Delivery - ORDER Link : https://oxycontin80mg.weebly.com/?
Answers: 0
Views: 6
Rating: 0
97WIN - DANG CAP GIAI TRI TRUC TUYEN SO #1 CHAU A
Answers: 0
Views: 7
Rating: 0
mt68 im
> More questions...
Answers: 0
Views: 7
Rating: 0
smutryda
Colleen