Economy, asked by chinu540, 1 year ago

Give me examples of all the types of commodity for price elasticity and income elasticity

Answers

Answered by VAC
0

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: No
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