Ask Question
29 January, 03:47

Explain the difference between Inelastic and Elastic Demand in your own words.

+3
Answers (1)
  1. 29 January, 07:12
    0
    Answer: The elasticity of demand, or demand elasticity, refers to how sensitive demand for a good is compared to changes in other economic factors like price or income. It is commonly referred to as price
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Explain the difference between Inelastic and Elastic Demand in your own words. ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers