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