Question

price elasticity at a given price is not affected by​

Answer 1

Answer:

As a result, the relationship between elasticity and revenue can be described for any good: When the price elasticity of demand for a good is perfectly inelastic (Ed = 0), changes in the price do not affect the quantity demanded for the good; raising prices will always cause total revenue to increase.

it's your answer............

Answer 2

• Price elasticity at a given price is not affected when the demand of a product does not change as much as its price change.
• This situation is usually applicable for everyday household products or services.
• The demand for a product does not change with the change in a surprise it is known as inelastic demand.
• For example, if the price of salt decrease by 50 % the demand would not go up steadily as compared to other products because the consumption of salt for a particular household cannot increase with the decrease in its price.