Question

heya..

define.. relatively in elastic demand..

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Answer 1

 

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 

 

Answer 2

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.

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