Math, asked by vaishnavi9290, 2 months ago

Define Elastic demand!???

Answers

Answered by KimBunny

7

Answer:

Answer:A good's price elasticity of demand is a measure of how sensitive the quantity demanded of it is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.

Answered by Anonymous

15

Step-by-step explanation:

A good's price elasticity of demand is a measure of how sensitive the quantity demanded of it is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.

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