Question

what do u mean by elasticity if demand​

Answer 1

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here is the answer...

Price elasticity of demand is a measure of the responsiveness of consumers to a change in a product's cost. ... So, if the price elasticity of demand is being measured, the formula would be the percentage of change in the quantity in demand divided by the percentage change in price.

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Answer 2

Elasticity is the degree of responsiveness of change in quantity demanded to change in price.

Suppose if price changes by 1 unit then elasticity will tell by how many units should quantity demanded be changed