Economy, asked by rk7041741, 7 months ago

price elasticity of demand has degree​

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Answered by manshudhoundiyal
0

Answer:

Elasticity of demand indicates the degree of responsiveness of quantity demanded to changes in market price. Hence this becomes the concept of price-elasticity of demand. Different commodities have different price elasticities. Some commodities have more elastic demand while others have relative elastic demand.

Answered by Amithilesh
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