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inelastic demand |
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inelastic demand
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| Industries which have more inelastic demand, variable supply/demand, and a smaller number of participants are more likely to have an empty core, in which case they tend toward collusion in order to resolve the empty core, particularly during recessionary periods. Second, a revaluation of the RMB may cause the trade deficits to widen rather than shrink, because China's products are often necessities with inelastic demands. which experience relatively inelastic demand for their products and services and don't have to fear competition from regional malls. |
inelastic demand
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