Economy, asked by animedome55, 2 months ago

What are the different types of elasticity of demand? (3marks)

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Answered by blackskull066

2

Answer:

There are four types of elasticity of demand mainly as given in the following.
Price Elasticity of Demand. It is defined as responsiveness and sensitivity of a particular product along with the changes in its price. ...
Income Elasticity of Demand. ...
Cross Elasticity of Demand. ...
Advertising Elasticity of Demand

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