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Question 1. Asked on :24 August 2019:08:08:20 PM

 Write the concept of Elasticity of Demand?

-Added by nisha sheikh Economics » Ch4

Answer:

Master Purushottam
In economics, the demand elasticity (elasticity of demand) refers to how sensitive the demand for a good is to changes in other economic variables, such as prices and consumer income. Demand elasticity is calculated as the percent change in the quantity demanded divided by a percent change in another economic variable.

-Answered by Master Purushottam On 24 August 2019:08:09:26 PM(5837Average Rating Based on rating)

Answer:

nisha sheikh

 Elasticity of demand refers to the percentage change in demand for a commodity with respect to percentage change in any of the factors affecting for that commodity.

-Answered by nisha sheikh On 24 August 2019:08:09:15 PM(5844Average Rating Based on rating)

Answer:

Akki chauhan

 ElastiCity of demand refer to the percentage change in in demand  commodity which respect to percentage change in any of the the factors affecting for that comodity. 

-Answered by Akki chauhan On 24 August 2019:10:03:45 PM(5950Average Rating Based on rating)

 

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