Economy, asked by anjana990, 5 months ago

if we consider the elastic value as absolute value how we can find elastic demand

Answers

Answered by XxxitzstylishgirlxxX

Answer:

The price elasticity of demand is calculated as the percentage change in quantity divided by the percentage change in price.

Answered by pds39937

Explanation:

The price elasticity of demand is calculated as the percentage change in quantity divided by the percentage change in price.

If the formula creates a number greater than 1, the demand is elastic. In other words, quantity changes faster than price. If the number is less than 1, de- mand is inelastic. In other words, quantity changes slower than price.

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if we consider the elastic value as absolute value how we can find elastic demand ​

Answers

if we consider the elastic value as absolute value how we can find elastic demand