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This work makes elasticity—one of the most useful concepts in economics—accessible to students and the general public. Using only basic arithmetic and algebra, it illustrates the concept's meaning with a microeconomic focus and a unique macroeconomic example from World War II.
This work makes elasticity—one of the most useful concepts in economics—accessible to students and the general public. Using only basic arithmetic and algebra, it illustrates the concept’s meaning with a microeconomic focus and a unique macroeconomic example from World War II.
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