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Home: harshkotOriginal MessageReply  
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)

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From: harshkotReply 1 of 1Reply
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)

Page 1 of 1

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