Economy, asked by Mehnaaz1795, 11 months ago

When is there expansion or shift in elasticity of demand?

Answers

Answered by sumit2415
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:-

  1. Price Elasticity of demand
  2. Income Elasticity of demand

and

3. Cross Elasticity of demand

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