measuring of price elasticity of demand with different methods
Answers
Answered by
1
3 methods.
1.percentage method
2.total expenditure method
3.point elasticity method
1.percentage method
2.total expenditure method
3.point elasticity method
Answered by
0
Measuring of price elasticity of demand with different methods:
- Total expenditure method
- percentage method
- 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.
Similar questions