Give me examples of all the types of commodity for price elasticity and income elasticity
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Hey frnd
There are 5 types of elasticity of demand:
Perfectly Elastic Demand (EP = ∞) ...
Perfectly Inelastic Demand (EP = 0) ...
Relatively Elastic Demand (EP> 1) ...
Relatively Inelastic Demand (Ep< 1 ) ...
Unitary Elastic Demand ( Ep = 1)
Hope this helps u frnd
chinu540:
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