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- 07:34, July 11, 2025 LesterHendon9 talk contribs created page Economics Notes On Price Elasticity Of Demand And Rate Elasticity Of Supply By TET. (Created page with "In contrast, during an economic downturn or times of economic slump, a company needs to consider focusing on the manufacturing of typical necessity items (for which the decline sought after is much less than proportionate), or perhaps inferior products (whose need in fact increases).<br><br>The demand for primary items is most likely to raise less than proportionately to the boost in income, whereas the demand for manufactured goods is most likely to boost by a higher le...")