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प्रश्न
Identify and define the degree of elasticity of demand from the following demand curve.
लघु उत्तर
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उत्तर
Relatively elastic demand: When the proportionate or percentage change in demand for a commodity is greater than a proportionate or percentage change in its price, it is called relatively elastic demand. In this case, Ed > 1.
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या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3.2: Elasticity of Demand - EXERCISE [पृष्ठ ३६]
