Problem-
Write an essay with a minimum of 1500 to a maximum of 2000 words on the concept of "elasticity" which is inherently associated with the issue of "price" with examples.
Additional Information-
The problem belongs to Economics, mainly to Microeconomics and it is about writing an essay discussing the concept of elasticity being inherently associated with price. The essay has been written with examples and diagrams for illustration.
Word limits- 1500-2000