Economy, asked by Andrea31, 1 year ago

elasticity of demand...explain

Answers

Answered by krystalmalave1pd5d2p

elasticity of demand is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. ... Revenue is maximised when price is set so that the PED is exactly one.

Andrea31: thanks to u

Previous Question

Next Question

Similar questions

Math, 7 months ago

Draw a line segment 5cm in lenght. Mark a point. P on AB sluch that AP=2cm at P. draw a line perpendicular to AB. plz answer fast ...

Math, 7 months ago

Write the equation of the line perpendicular To y= 1/4x+7 and passes through (2, -9).

Social Sciences, 7 months ago

Which one of the following is noted for cotton textile industry? (A) Jamshedpur (B) Durgapur (C)Ahmedabad (D) Bokaro...

Math, 1 year ago

Two numbers are in the ratio 1:2 if 4 is added to each of them , the ratio becomes 4:7. find the number...