Elasticity of Demand b.com 1st | Business Economics | B.com 1st year

[@radhikakhurana9038]

elasticity of demand - elasticity of demand refers to percentange change in demand for a commodity with respect to percentage change in any of the factor affecting demand for that commondity
elasticity of demand can be broadly classified into 3 dimentions / types
🌺 price elasiticity of demand
🌺 income elasticity of demand
🌺 cross elasticity of demamd
✔️ price elasticity of demand - price elasticity of demand refers to percentange change in demand for a commodity with respect to percentange change in price of the given commodity
✔️ income elasticity of demand - income ED refers to percentage change in demand for a commodity with respect to percentage change in income of the consumer
✔️ cross elasticity of demand - cross ED refers to % change in demand for a commodity with respect to percentange change in price of the related goods

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Badhiya guruji

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[@harshita....]

Very nice explanation...

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Tysm

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[@shifamemon3266]

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[@mahisharma1551]

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Sri plzz provide kijiye

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Aapki sakal dekh kar yaad aaya
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Notes and telegram link

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