Economy, asked by Sampath1111, 1 year ago

measuring of price elasticity of demand with different methods

Answers

Answered by tejaswikatari07
1
3 methods.
1.percentage method
2.total expenditure method
 3.point elasticity method
Answered by Anonymous
0

Measuring of price elasticity of demand with different methods:

  1. Total expenditure method
  2. percentage method
  3. geometric method

Extra information:

Price elasticity:

It may define as the ratio of percentage change in demand of commodities divided by percentage change in price of that commodity.

 \sf \: ed =  \dfrac{  \% \: change \: in \: demand}{ \% \:  changle \: in \: price}

Similar questions