Economy, asked by pardhivaishali307, 6 months ago

Explain Various types
of elasticity of demand​

Answers

Answered by devu2470
7

Answer:

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. ..

Answered by abhishekshinde6656
0

Answer:

elasticity of demand

Perfectly elastic demand. ...

Perfectly inelastic demand. ...

Relatively elastic demand. ...

Relatively inelastic demand. ...

Unitary elastic demand

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