The flexibility of prices of goods may occur due to the change in the price of the other can be the same or different may be shared or it may be used to substitute any other goods.which would you consider the features of the products that use interchangeable goods prices will change in the same direction
and from what can be considered to be used in conjunction with the price will change in the direction opposite to the cost of goods,
which factors that will configure the flexibility of prices we will be divided into 2 types:
1) the prices of the products are more flexible in general will have the following characteristics:
- products that are available, as the products are expensive, there is no need to use his life as much as possible, which can be seen from How much does it cost?If the price of this product is very expensive, consumers may have the option to be turned to purchase the other interchangeable
2) the flexibility of the products at least, generally have the following characteristics:
- products that are available that are products that are necessary to the survival factors such as those 4 even though the price will be changed, but it has to be a need to look for products that are used for only a small price increase. Although there will be more to go toThere was no impact on total cost of consumers
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