Economy, asked by shubh84, 1 year ago

explain the factors of elasticity of demand

Answers

Answered by taniya24
2
These factors include price, income level and level of substitutes. One factor that can affect demand elasticity of a good or service is it price level..... The availability of substitute makes demand for good or service sensitive to price changes.........
Answered by wahidfaizi16wahid
1
Take ten different types of goods and classify them as 'Free goods and economics goods', 'Consumer goods and producer goods' and 'Private goods and public goods'.

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