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Elasticity of DEMAND (Factors (Nature of Commodities, Availability of…
Elasticity of DEMAND
Definition
Responsiveness
in One Variable when other Variable changes
Types
Price Elasticity
Income elasticity
Cross Elasticity
Factors
Nature of Commodities
Availability of Substitute
Several Use of An Article
Consumer's Income
Social Class Difference
Time Element
factor of Postponement
Spending Ratio
Degrees of Elasticity
Elastic Demand
In-Elastic Demand
Unit Elasticity
Highly Elastic
Less Elastic