Question

Mention the factors affecting elasticity of demand.

Answer 1

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$\mathfrak{\blue{Q.}}$Mention the factors affecting elasticity of demand.

$\mathfrak{\blue{Ans.}}$ Factors affecting elasticity of demand are...

$\mathfrak{i.)}$ Perfectly elastic demand
$\mathfrak{ii.)}$ More than elastic
$\mathfrak{iii.)}$ Unitary elastic
$\mathfrak{iv.)}$ Less than elastic
$\mathfrak{v.)}$ Perfectly inelastic

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Answer 2

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1. Perfectly elastic demand
2. More than elastic
3. Unitary elastic
4. Less than elastic
5. Perfectly inelastic

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