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ELASTIC DEMAND - a change in price, results in a greater than proportional change in the quantity demanded ED>1.
INELASTIC DEMAND - a change in price results in a less than proportional change ED<1.
UNITARY DEMAND - a change in price results in n equal proportional change ED=1.
PERFECTLY ELASTIC DEMAND - demand changes even when price remains unchanged.
PERFECTLY INELASTIC DEMAND - change in price does not result in any change.
Read more: What_are_different_types_of_elasticity's_of_demand
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What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Method for measurement of Elasticity of Demand?
there are three methods of measuring elasticity of demand
Cross elasticity of demand?
In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Would the concepts of cross elasticity of cross elasticity of demand and income elasticity of demand be of any interest to a pharmaceutical company?
I am at a loss for the answer please help me.
Method for measurement of Elasticity of Demand?
there are three methods of measuring elasticity of demand
Cross elasticity of demand?
In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.
What is Short run and long run price elasticity of demand?
is the long run elasticity of demand is ever smaller than the short run elasticity of demand.
What are the determinants of income elasticity of demand?
write a note on determinates of income elasticity of demand
How does elasticity of demand influence tax revenue?
Elasticity of demand influenced tax revenues
How does the elasticity of demand influence the tax revenues?
Elasticity of demand influenced tax revenues
What are different types of elasticity?
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
Different degrees of elasticity of demand?
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
