English, asked by abca88502, 5 months ago

point elasticity of demand refers to

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Answered by princeverma90

Answer:

The elasticity of demand, or demand elasticity, refers to how sensitive demand for a good is compared to changes in other economic factors, such as price or income. ... Elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price.

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Answered by farhanhada19

Explanation:

Pointelasticity of demand is an economic measure of the change in the quantity demanded or purchased of a product in relation to its price change.

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