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When is the demand for a commodity is said to be elastic? - Economic Applications

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प्रश्न

When is the demand for a commodity is said to be elastic?

What is meant by elastic demand?

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उत्तर

When percentage change in demand is greater than the percentage change in price, demand is known as elastic demand.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Elasticity of Demand - QUESTIONS [पृष्ठ ४३]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 2 Elasticity of Demand
QUESTIONS | Q 2. | पृष्ठ ४३
गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 2 Elasticity of Demand
QUESTION BANK | Q 3. | पृष्ठ ४५
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