Economy, asked by parmarjeenal, 18 hours ago

what is the value of Ep, when demand is inelastic?

Answers

Answered by c1419

Answer:

If the formula creates an absolute value greater than 1, the demand is elastic. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic

Explanation:

Hope it Help

Answered by bablukrtatasteel

Answer:

If the formula creates an absolute value greater than 1, the demand is elastic. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic

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