Question

when is demand elastic ???​

Answer 1

when percentage change in quantity demanded is greater than percentage change in price the demand is called elastic

Answer 2

Answer:

Elastic demand is when price or other factors have a big effect on the quantity consumers want to buy. You'll see it most often when consumers respond to price changes. ... When prices rise, people buy less. The elasticity ofdemand tells you how much the amount bought decreases when the price increases.