Economy, asked by namratapowar88, 9 months ago

Types of price elasticity of demand
with diagram and ex planation

Answers

Answered by amritagurjar01

Explanation:

The elasticity of demand refers to the responsiveness of the demand due to the change in the determinants of the demand. There are three types of elasticity of demand viz. price elasticity of demand, the income elasticity of demand and cross elasticity of demand.

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