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What is Degree of Price Elasticity of Demand? Explain any four Inelastic Demand.
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written 2.9 years ago by
prajapatijaimin
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Solution:
Degrees of Price Elasticity of Demand:
The Price Elasticity of Demand is commonly known as the elasticity of demand, which refers to the degree of responsiveness of demand to the change in the price of the commodity.
(1) Perfectly Elastic Demand (Ep=á):
When minor, nothing or as good as …
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