Question

A demand is
when due to
a change in the price of a
commodity the quantity
demanded changes
*
O More Elastic
O Less Elastic​

Answer 1

When the  quantity demanded of a commodity changes due to change in price then the commodity is said to be elastic.

When the change occurs is very large then it is said to be highly or more elastic.

When the change occurs is less than it is said to be less elastic.

Demand for a commodity is elastic if elasticity of demand is greater than unity.

[ Ed > 1 ]

Demand for for a commodity is inelastic if elasticity of demand is less than unity .

[Ed < 1 ]