Economy, asked by rupeshrkb7572, 9 months ago

Types and measurement of elasticity of demand and its measurement

Answers

Answered by rishika79

Answer:

Explanation:

Elasticity is defined as a ratio of the percentage change in the dependent variable to the percentage change in the independent variable. The price elasticity of Demand : The price elasticity of demand is a measure of the degree of sensitivity of demand to changes in the price of product –X.

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