Question

Types of elasticity of demand?Explain each

Answer 1

Answer:

here is ur answer

Explanation:

Table 1. Three Categories of Elasticity: Elastic, Inelastic, and Unitary

If . . . Then . . .

% change in quantity > % change in price Computed Elasticity > 1

% change in quantity = % change in price Computed Elasticity = 1

% change in quantity < % change in price Computed Elasticity < 1

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Answer 2

ANSWER ●•

The price of elasticity of demand is there response of the quality demanded to change if the price of a commodity . it is assumed that the consumers income,tastes, and prices of all the Other goods are steady. it is the measure as a percentage change in the quality demanded divided by the percentage change the prices .

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