Explain Various types
of elasticity of demand
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Price Elasticity is the responsiveness of demand to change in price; income elasticity means a change in demand in response to a change in the consumer's income; and cross elasticity means a change in the demand for a commodity owing to change in the price of another commodity. ..
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elasticity of demand
Perfectly elastic demand. ...
Perfectly inelastic demand. ...
Relatively elastic demand. ...
Relatively inelastic demand. ...
Unitary elastic demand
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