Economy, asked by hrdsnghl, 4 months ago

what is elasticity of demand?​

Answers

Answered by arpitkumar9a007
1

Answer:

Elasticity of demand is an important variation on the concept of demand. Demand can be classified as elastic, inelastic or unitary. An elastic demand is one in which the change in quantity demanded due to a change in price is large.

Explanation:

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