Question

give a short line of elasticity of demand .​

Answer 1

Answer:

In economics, the demand elasticity (elasticity of demand) refers to how sensitive the demand for a good is to changes in other economic variables, such as prices and consumer income. Demand elasticity is calculated as the percent change in the quantity demanded divided by a percent change in another economic variable.

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Answer 2

Answer:

Elasticity of demand is a used in economics to show the responsiveness ,of the elasticity, of the quantity demand a good service to increase in its price when nothing but the price changes .please follow me and Mark my question l hope you help this question