When is there expansion or shift in elasticity of demand?
Answers
Answered by
2
Answer:
correct your question
what is Elasticity of demand?
"The Elasticity of demand is measure of the relative change in amount purchased in response to a relative change in price on a given demand curve".
And also Three types are there:-
- Price Elasticity of demand
- Income Elasticity of demand
and
3. Cross Elasticity of demand
Similar questions
Physics,
6 months ago
Math,
1 year ago
English,
1 year ago
Social Sciences,
1 year ago
Math,
1 year ago