what is the magnitude of elasticity of demand
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The case in which the magnitude of the price elasticity of demand is less than one is called inelastic demand. If the magnitude of elasticity is greater than one then demand is said to be elastic.
hope it will help u ........ :-)
The case in which the magnitude of the price elasticity of demand is less than one is called inelastic demand. If the magnitude of elasticity is greater than one then demand is said to be elastic.
hope it will help u ........ :-)
rohan211:
hindi me answer milega plz
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the magnitude of the price elasticity of demand is less than one is called inelastic demand. If the magnitude of elasticity is greater than one then demand is said to be elastic.
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