Economy, asked by gamingboyspark, 5 months ago

Identify and define the degrees of elasticity of demand from the following demand curves.​

Answers

Answered by priyanshigupta14
0

Answer:

In simple words, price elasticity of demand is the ratio of percentage change in quantity demanded to the percentage change in price. ... So, we can say that it is the rate or the degree of response in demand to the change in price.

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