Economy, asked by ellieshihora, 7 months ago

Ed=1, then what type of elasticity it is called?

Answers

Answered by Anonymous

Answer:

Demand is described as elastic when the computed elasticity is greater than 1, indicating a high responsiveness to changes in price. Computed elasticities that are less than 1 indicate low responsiveness to price changes and are described as inelastic demand.

Previous Question

Next Question

Similar questions

Math, 3 months ago

ਤੇ ਜੇਕਰ ਬਿੰਦੂ R ਦੇ ਬਿੰਦੂਆਂ P (2,3 ਅਤੇ Q (4,5) ਨੂੰ ਮਿਲਾਉਣ ਵਾਲੇ ਰੋਖਾਖੰਡ ਦਾ ਮੱਧ ਬਿੰਦੂ Rਹੈ ਤਾਂ ਬਿੰਦੂ R ਦੇ ਨਿਰਦੋਸ਼ ਮੀਤ ਲਿਖੋ। If R is the mid point of line joining Pts. P(2,3) & Q(4,5) then find the coordinates of R...

Math, 3 months ago

What will be the area of triangle whose vertices are (-8,-2) , (-4,-6) and (-1,5).

Science, 3 months ago

7. What type of shape do vessels have? (a) Like pipes (b) Like bricks (c) Flat (d) Circular. converted...

Chemistry, 7 months ago

2. Vitamin B12 contains the element (a) Fe (b) Co 3. The role of Ca2+ ions in the human body is to (c) Ca2+ (d) Mg2+...

Science, 7 months ago

yello colour plastids options 1. Carotene 2. Xanthophyll...

Geography, 1 year ago

ओहोटीच्या ठिकाणाच्या विरुद्ध रेखावृत्तावरदेखील ओहोटीच येते.

English, 1 year ago

what you called apple in telgu?

Chemistry, 1 year ago

fe2o3+C= Fe+ Co balance the equation with oxidation number?