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how does the proposal change in content, depending upon your audience (i.e., technical, financial, managerial, etc.)?


"Supply becomes price elastic when the proportion of quantity provided in trade is higher than the proportion of price change, while supply becomes price inelastic if the proportion of volume furnished in trade is less than the proportion of price change. Can you explain what is meant by inelastic price? Inelastic refers to the economic concept where the quantity of a good or service remains static despite changes in its price. Inelastic demand implies that when prices increase, consumers will still purchase the same amount, and when prices decrease, their buying habits remain unchanged. For more information on elastic and inelastic price, refer to the following link: brainly.com/question/5078326 #SPJ4."