Economy, asked by marshllex1158, 1 year ago

Types of price elastic demand

Answers

Answered by MRSUMANTH

3

Explanation:

Perfectly Elastic Demand (EP = ∞) ...

Perfectly Inelastic Demand (EP = 0) ...

Relatively Elastic Demand (EP> 1) ...

Relatively Inelastic Demand (Ep< 1 ) ...

Unitary Elastic Demand ( Ep = 1)

Answered by akashsk12mati

4

Answer:

There are 5 types of elasticity of demand:

Explanations

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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