Economy, asked by saloniangelgupta2020, 9 months ago


What do you understand by Ed=1,Ed=0

Explain with diagram.​

Answers

Answered by hardikviiin53816
1

Answer:

Ed = 1, demand is unit elastic. Consumers' response and price change are in same proportion. Ed < 1, demand is inelastic. ... Ed approaches 0, demand is perfectly inelastic.

sorry but i can't give diagram

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