Question

what is elasticity of demand​

Answer 1

Answer:

Price elasticity of demand, or elasticity, 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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Answer 2

Hey mate here is your answer

Explanation:

The elasticity of demand is the change in demand due to the change in one or more of the variable factors that it depends on.

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