Economy, asked by firdousrizwan85, 1 year ago

What do you mean by elasity of supply

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Answered by katterthakur9935ajay

1

In economics, the demand elasticity(elasticity of demand) refers to how sensitive the demand for a good is to changes in other economic variables, such as prices and consumer income.Demand elasticity is calculated as the percent change in the quantity demanded divided by a percent change in another economic variable.

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