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  • 17:35, 3 April 2026 PriscillaBrindle talk contribs created page Economics Notes On Rate Elasticity Of Need And Cost Elasticity Of Supply By TET. (Created page with "On the other hand, during an economic crisis or times of economic decline, a firm must think about focusing on the production of normal requirement goods (for which the reduction sought after is much less than in proportion), or even substandard items (whose demand actually increases).<br><br>The demand for primary products is most likely to enhance much less than proportionately to the increase in earnings, whereas the need for manufactured goods is most likely to incre...")