Question

expalin degrees of elasticity of demand.​

Answer 1

Hi,

Under the relatively inelastic demand, a given percentage change in price produces a relatively less percentage change in quantity demanded. In such a case elasticity of demand is said to be less than one (ed < 1). It has been shown in figure 5. All the five degrees of elasticity of demand have been shown in figure 6.

Answer 2

90° I think it is right