Discussion topic: Contributed Answer/Explanation to Q. 2
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Home: harshkot | Original Message | Reply | Subject: Contributed Answer/Explanation to Q. 4 | Elastic demand
When the change in price and total expenditure move in the same direction
the elasticity of demand is said to be elastic... Here the elasicity of
demand is always greater than 1...
Hence Here ep>1..
Posted at: Fri Mar 23 07:28:06 2012 (GMT) |
Page 1 of 1 | From: harshkot | Reply 1 of 1 | Reply | | Subject: Contributed Answer/Explanation to Q. 4 | Elastic demand
When the change in price and total expenditure move in the same direction
the elasticity of demand is said to be elastic... Here the elasicity of
demand is always equal to 1...
Hence Here ep1..
Posted at: Fri Mar 23 07:28:39 2012 (GMT)
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