English, asked by Anonymous, 8 months ago

what is elastic demand ???

Answers

Answered by hanjraarsh55

Explanation:

Elastic of demand refer to the degree to which demand responds to a change in another economic factor. Elasticity measure how demands shifts when other economic factor change.

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Answered by aditya25sharma

Explanation:

Price elasticity of demand, is the degree to which the effective desire for something changes as its price changes. In general, people desire things less as those things become more expensive.

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