what is elastic demand??
___Don' spam___
Anonymous:
lol jhooti nhi pta tha
sach ma pta tha
vaishnavi ne to serius le liya
tumna bataya ki tum majak bohot karta ho
to mana majak ma hi lia
ha yaar
lalit vo serious nhi thi
vaisenavi yaar ma notification sa confused ho jati hu
sayad tum bhi hoti. hogi
Answers
Answered by
3
Answer:
Elastic demand is when a product or service's demanded quantity changes by a greater percentage than changes in price. The opposite of elastic demand is inelastic demand, which is when consumers buy largely the same quantity regardless of price. The demand curve shows how the quantity demanded responds to price changes
Explanation:
Answered by
26
A good's price elasticity of demand is a measure of how sensitive the quantity demanded of it is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.
Similar questions