Question

what are the different types of elasticity of demand​

Answer 1

Answer:

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.

THIS WILL HELP YOU ☝️☝️..

Answer 2

$\huge\bold\blue{Hii!!}$

$\huge\underbrace\bold\red{Answer!}$

Types of elasticity of demand are:

1) Demand curve is parallel to X- axis n case of perfectly elastic demand. A perfectly elastic demand refers to the situation when demand is infinite at the prevailing price.

2) Demand curve is parallel to Y- axis n case of perfectly inelastic demand. A perfectly inelastic demand refers to the situation when demand does not change with the change in the price.

3) Unitary elastic demand refers to the situation when proportionate change in quantity demand is equal to the proportionate change in price.

4) Relatively elastic demand refers to the situation when proportionate change in quantity demand is greater than the proportionate change in price.

5) Relatively inelastic demand refers to the situation when proportionate change in quantity demand is lesser than the proportionate change in price.

HoPe it's helpful....☺️❤️

Plzz mark me as brainliest ✌️✌️....

AnD follow me....