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The Chinese leadership is first and foremost defending the interests of its country and its people. And rightly so.
Yes, but they're really upsetting Sergei Golubev!
demand is inelastic) i.e. it depends, but only weakly.
If demand is inelastic and supply is elastic, then prices are obviously high. Conversely, when prices are low, demand is elastic and supply is inelastic. This is according to the supply and demand curves.
If demand is inelastic and supply is elastic, then prices are obviously high. Conversely, when prices are low, demand becomes elastic and supply is inelastic. This is according to the supply and demand curves.
If demand is inelastic, the demand curve is a horizontal straight line.
Although oil demand is in fact inelastic
If demand is inelastic and supply is elastic, then prices are obviously high. Conversely, when prices are low, demand is elastic and supply is inelastic. This is according to supply and demand curves.
You get a swing. Such swings can never be stopped.
where did you get that from)) instead of elasticity and inelasticity it should be surplus and deficit. Get rid of these graphs - they are a spherical horse in a vacuum.
where did you get that from)) instead of elasticity and inelasticity it should be surplus and deficit. Get rid of these graphs - they are a spherical horse in a vacuum.
The US dollar is the only world currency today.
I don't care if it's universal.)