Question

What are the prise elasticity of demand ?explaind the defferent type of elasticity with example diagram?​

Answer 1

Answer:

Types of Income elasticity of demand - definition

Low Elasticity: A rise in income will result in less than proportionate increase in the quantity demanded. Zero Elasticity: The quantity bought/demanded is the same even if income changes. Negative: An increase in income comes with a decrease in the quantity demanded.

Explanation:

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