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Answer to Question #252393 in Economics of Enterprise for Yon

Question #252393

types and examples of elasticity of demand


1
Expert's answer
2021-10-19T11:35:48-0400

There are different types of elasticity of demand including perfectly Elastic Demand, which has a sharp fall or rise based on a change in a commodity's price. The other type of elasticity of demand are relatively elastic and inelastic demand, and unitary elastic demand.


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