Economy, asked by thecubersahil784, 1 year ago

Concept of elasticity of demand and its measurement in hindi

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Answered by Anonymous
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The elasticity of demand is a measure of a degree of responsiveness of quantity of a product to the change in its determinants.

The concept of elasticity of demand shows how much or to what rate the quantity demanded of a commodity will change as a result of a change in the price.

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