Economy, asked by sharmanaman7816, 1 year ago

Difference between cross elasticity, income elasticity and price elasticity of demand

Answers

Answered by princejohnkannattu

price elasticity shows the responce of persentage change in demand due to a unit change in the price level of that commodity

icome ilasticity is the response due to the change in incom in demand

and cros elasticity is the response to both income and price of commodities in Aggregate demanf

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