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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


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)


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)


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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