Sociology, asked by ge73undldr9ma, 9 months ago

heya..

define.. relatively in elastic demand..

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Answers

Answered by Anonymous

ʜᴇʏᴀ..

ʜᴇʀᴇ ɪs ᴜʀ ᴀɴsᴡᴇʀ

ᴀ ᴘʀᴏᴘᴏʀᴛɪᴏɴᴀᴛᴇ ᴄʜᴀɴɢᴇ ɪɴ ϙᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ɪɴ ʀᴇsᴘᴏɴsᴇ ᴛᴏ ᴀ ᴘʀᴏᴘᴏʀᴛɪᴏɴᴀᴛᴇ ᴄʜᴀɴɢᴇ ɪɴ ᴄᴏɴsᴜᴍᴇʀ ɪɴᴄᴏᴍᴇ

ɪ ʜᴏᴘᴇ ɪᴛs ʜᴇʟᴘ ᴜ

Answered by Anonymous

Explanation:

heya..

Relatively Elastic Demand. When the percentage change in quantity demanded is greater than the percentage change in price, the demand is said to be elastic. In other words, relatively small changes in price cause relatively large changes in quantity.

I hope it's help uh

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