Question

elasticity of demand tells us about the​

Answer 1

AnSwEr

Elasticity of demand tells us how much the quantity demanded changes when the firm changes its price.

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Answer 2

ɪᴛ ᴛᴇʟʟꜱ ᴜ ᴀʙᴏᴜᴛ ʜᴏᴡ ᴍᴜᴄʜ ᴛʜᴇ Qᴜᴀɴᴛɪᴛɪᴇꜱ ᴏꜰ ᴅᴇᴍᴀɴᴅᴇᴅ ᴄʜᴀɴɢᴇꜱ ᴡʜᴇɴ ᴡʜᴇɴ ᴛʜᴇ ꜰɪʀᴍ ᴄʜᴀɴɢᴇꜱ ɪᴛꜱ ᴘʀɪᴄᴇ.