Write the different types of degree of elasticity of demand with examples?
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5 other types of Elasticity of Demand
- Perfectly Elastic Demand. When there is a sharp rise or fall due to a change in the price of the commodity, it is said to be perfectly elastic demand. ...
- Perfectly Inelastic Demand. ...
- Relatively Elastic Demand. ...
- Relatively Inelastic Demand. ...
- Unitary Elastic Demand.
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