Economy, asked by Mridu03, 4 months ago

what is elasticity of demand ?​

Answers

Answered by aqsanajeebniazi
2

Answer:

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. 

Answered by adhariwal2009
3

Answer:

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

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