Economy, asked by talekarahul04, 9 months ago

Q. 3. Distinguish between :
3) Relative elastic and relative inelastic

Answers

Answered by bhavya4280

Answer:

Key Differences Between Elastic and Inelastic Demand

Elastic Demand is when a small change in the price of a good, cause a greater change in the quantity demanded. Inelastic demand means a change in the price of a good, will not have a significant effect on the quantity demanded.

Explanation:

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Q. 3. Distinguish between : 3) Relative elastic and relative inelastic

Answers

Q. 3. Distinguish between :
3) Relative elastic and relative inelastic