Price flexibility/Definition: Difference between revisions
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A situation in which prices act instantaneously to bring supply into equality with demand (see [[supply and demand]]). | A situation in which prices act instantaneously to bring supply into equality with demand (see [[supply and demand]]). | ||
Revision as of 22:30, 22 May 2008
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Price flexibility [r]: A situation in which prices act instantaneously to bring supply into equality with demand (see supply and demand).