what is elasticity of demand? degrees of elasticity of demand ?
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Explanation:
The elasticity of demand, or demand elasticity, refers to how sensitive demand for a good is compared to changes in other economic factors, such as price or income.
Degrees of Elasticity:
Answer:
Degrees of elasticity of demand. I
Elasticity of demand:
Elasticity of Demand
Elasticity of DemandThe elasticity of demand, or demand elasticity, refers to how sensitive demand for a good is compared to changes in other economic factors, such as price or income. It is commonly referred to as price elasticity of demand because the price of a good or service is the most common economic factor used to measure it.
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