Economy, asked by shivaniAcharya, 7 months ago

(Relatively Inelastic Demand) price of goods 10(P1) 2(P2) , Demand of goods 4(Q1) 5 (Q2)

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Answered by itzankit21

Answer:

Perfectly Elastic Demand: When a small change in price of a product causes a major change in its demand, it is said to be perfectly elastic demand. ...

Perfectly Inelastic Demand: ...

Relatively Elastic Demand: ...

Relatively Inelastic Demand: ...

Unitary Elastic Demand:

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(Relatively Inelastic Demand) price of goods 10(P1) 2(P2) , Demand of goods 4(Q1) 5 (Q2) ​

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(Relatively Inelastic Demand) price of goods 10(P1) 2(P2) , Demand of goods 4(Q1) 5 (Q2)