Business Studies, asked by neekitaroy, 3 months ago

the Concept and measurement of electricity of demand.

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Answered by shree1093

3

ᴛʜᴇ ᴇʟᴀsᴛɪᴄɪᴛʏ ᴏғ ᴅᴇᴍᴀɴᴅ ɪs ᴀ ᴍᴇᴀsᴜʀᴇ ᴏғ ᴀ ᴅᴇɢʀᴇᴇ ᴏғ ʀᴇsᴘᴏɴsɪᴠᴇɴᴇss ᴏғ ϙᴜᴀɴᴛɪᴛʏ ᴏғ ᴀ ᴘʀᴏᴅᴜᴄᴛ ᴛᴏ ᴛʜᴇ ᴄʜᴀɴɢᴇ ɪɴ ɪᴛs ᴅᴇᴛᴇʀᴍɪɴᴀɴᴛs. ... ᴀᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ᴋ.ᴇ. ʙᴏᴜʟᴅɪɴɢ, "ᴛʜᴇ ᴇʟᴀsᴛɪᴄɪᴛʏ ᴏғ ᴅᴇᴍᴀɴᴅ ᴍᴀʏ ʙᴇ ᴅᴇғɪɴᴇᴅ ᴀs ᴛʜᴇ ᴘᴇʀᴄᴇɴᴛᴀɢᴇ ᴄʜᴀɴɢᴇ ɪɴ ᴛʜᴇ ϙᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ᴡʜɪᴄʜ ᴡᴏᴜʟᴅ ʀᴇsᴜʟᴛ ғʀᴏᴍ ᴏɴᴇ ᴘᴇʀᴄᴇɴᴛ ᴄʜᴀɴɢᴇ ɪɴ ɪᴛs ᴘʀɪᴄᴇ".

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