What is elasticity of demand?degrees of elasticity of demand?
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because it give comfortable in human daily routine
sahil332:
right
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The concept of price elasticity of demand has been defined by different economies as under:
“Elasticity of demand may be defined as the percentage change in quantity demanded to the percentage change in-price.”
“Elasticity of demand is the ratio of relative change in quantity to relative change in Price.”
“ The elasticity of demand for a commodity is the rate at which quantity bought change the price change.”
“The elasticity of demand is a measure of the relative change in quantity to a relative change in price”.
“Elasticity of demand measures the responsiveness of demand to changes in price”.
“Elasticity of demand may be defined as the percentage change in quantity demanded to the percentage change in-price.”
“Elasticity of demand is the ratio of relative change in quantity to relative change in Price.”
“ The elasticity of demand for a commodity is the rate at which quantity bought change the price change.”
“The elasticity of demand is a measure of the relative change in quantity to a relative change in price”.
“Elasticity of demand measures the responsiveness of demand to changes in price”.
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