Business Studies, asked by Rutujaphatak, 2 months ago

if demand is price elastic then​

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Answered by rohit12354
0

Answer:

write a meaningful question?

Answered by Anonymous
2

Answer:

Elastic Demand:

In the case of elastic demand, as the price rises then the total revenue falls and as the price falls then total revenue rises which shows that the change in quantity demanded is more than the change in the price of a product.

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