Elasticity slightly studied from the viewpoint of making decisions of consumers
(demand) , supply clearly plays a major role.
The primary types of elasticity, both demand and supply, have already been studied in the previous section
as elastic and inelastic demand or supply. These are not considered as added elasticities , but
that are located within the study of elasticity as such.
In summary, in microeconomics, handle basic tools for every market and
parameters such as supply and demand , opens a constructive outlook to understand how to make the
decisions and define objective nature the fate of any business or company.
The view of the above, can be determined knowing investigate market equilibrium ; fixation and
price fluctuations ; and the elasticity of supply and demand terms, concepts , formulas and
graphs presented here .
Tools , as already mentioned , in practice help all graduates to undertake a business
or to meet future market performance
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