What do you mean by Elasticity of demand?
Elasticity
of demand: Elasticity of demand is the measure of the relative change in amount
purchased in response to a relative change in price on a given demand curve.
According
to prof. Mashall__
“ Elasticity of demand can be
measured by comparing the percentage change in price with the percentage change
in demand.”
Equation:
No comments
Dear Members, Thanks for Your Comments. We must be reply your comment answer as soon as possible. Please Stay with us.....