asheya..
define.. relatively in elastic demand..
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ʜᴇʏᴀ..
ʜᴇʀᴇ ɪs ᴜʀ ᴀɴsᴡᴇʀ
ᴀ ᴘʀᴏᴘᴏʀᴛɪᴏɴᴀᴛᴇ ᴄʜᴀɴɢᴇ ɪɴ ϙᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ɪɴ ʀᴇsᴘᴏɴsᴇ ᴛᴏ ᴀ ᴘʀᴏᴘᴏʀᴛɪᴏɴᴀᴛᴇ ᴄʜᴀɴɢᴇ ɪɴ ᴄᴏɴsᴜᴍᴇʀ ɪɴᴄᴏᴍᴇ
ɪ ʜᴏᴘᴇ ɪᴛs ʜᴇʟᴘ ᴜ
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Answer: Relatively elastic means that relatively small changes in price cause relatively large changes in quantity. In other words, quantity is very responsive to price. More specifically, the percentage change in quantity is greater than the percentage change in price.
Explanation:
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