Question

price elasticity of demand has degrees ਮੰਗ਼ ਲੋਚ ਦੀਆ ਕਿਸਮਾ ਹੁੰਦੀਆ ਹਨ?​

Answer 1

Answer:

We have stated demand for a product is sensitive or responsive to price change. The variation in demand is, however, not uniform with a change in price. In case of some products, a small change in price leads to a relatively larger change in quantity demanded.

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