what are the degrees of price elasticity of demand ?
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degree of price elasticity of demand :-
• Perfectly elastic demand. Demand is perfectly elastic when small change in price bring big change in demand.
• Perfectly inelastic demand. Inelastic demand means that there is no change in demand whether the price increases or decreases.
• Relatively elastic demand.
• Relatively inelastic demand.
may this helps u :-)
• Perfectly elastic demand. Demand is perfectly elastic when small change in price bring big change in demand.
• Perfectly inelastic demand. Inelastic demand means that there is no change in demand whether the price increases or decreases.
• Relatively elastic demand.
• Relatively inelastic demand.
may this helps u :-)
pkumar3:
thanks
its ok bro :-)
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