Question

give example of more elastic and less elastic demand with picture​

Answer 1

Explanation:

Examples of Elastic and Inelastic Demand ... In general, the greater the necessity of the product, the less elastic, or more ... Such housing might cost half of one's budget

Answer 2

Answer:

Types of elasticity. There are four types of elasticity, each one measuring the relationship between two significant economic variables. They are: Price elasticity of demand (PED), which measures the responsiveness of the quantity demanded to a change in price.