Business Studies, asked by binsiakannanoor871, 21 days ago

Discuss the various applications of elasticity of demand concept

Answers

Answered by mahendradubey109

0

Answer:

The concept is very useful to study the reactions of the demand for a commodity to the changes in its price. If the demand is elastic, a small change in the price brings about a considerable change in the quantity demanded, but in the case of inelastic demand this consequential change in demand is relatively small.

Previous Question

Next Question

Similar questions

English, 10 days ago

1. What are the aim or objectives of the advertising ? Explain with five points...

Computer Science, 10 days ago

write the Command given below...

Social Sciences, 10 days ago

Make table and differentiate Commercial, Social and Political advertising with examples. PLZ ANSWER MY QUESTION I WILL MARK YOU AS BRAINLIEST AND OF COURSE U WILL GET 30 POINTS TOO :)...

English, 21 days ago

what according to you are makes Ranji and Suraj turn into good friends explain for you are have understood the lesson the the fight 50-60 words...

Math, 21 days ago

calculate the mode of the following sizes of the shirts sold by a shop on a particular day : 34,38,37,35,38,33,32,38,30,35,32,38,36,30,31,34,39,...

Biology, 9 months ago

Free points !!! Answer it ... Define frugivores, habitat, parasites, stimulus. No net answers, do not write unwanted that I do not know. Simply answer it in 1 sentence.

Math, 9 months ago

the branch off math...

Environmental Sciences, 9 months ago

what is major landforms in GEOGRAPHY ...