Elasticity of demand-refers to the degree of responsiveness of change in quantity demanded due to change in any demand determined
Types of elasticity of demand
a) Own price elasticity of demand
b) Point elasticity of demanded
c) Arc elasticity of demand
d) Cross elasticity of demand
e) Income elasticity of demand.
Kalis answered the question on March 23, 2018 at 15:00
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March 21, 2018
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