Economy, asked by ishikagupta10109, 11 months ago

types of elasticity of demand

Answers

Answered by katarijansi

1

Explanation:

There are 5 types of elasticity of demand:

Perfectly Elastic Demand (EP = ∞) ...

Perfectly Inelastic Demand (EP = 0) ...

Relatively Elastic Demand (EP> 1) ...

Relatively Inelastic Demand (Ep< 1 ) ...

Unitary Elastic Demand ( Ep = 1)

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