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When is the demand for a …

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When is the demand for a commodity said to be elastic

Posted by Deepak Rajput 6 years, 3 months ago

CBSE > Class 12 > Economics

3 answers

Shreya Vishwakarma 6 years, 3 months ago

It's happen when change in demand is more than change in price

0Thank You

Vinay Bhadana 6 years, 3 months ago

A demand is said to be elastic for a commodity if with a rise in price the demand of product decreases and its demand increases with fall in price then we can say that the demand for a commodity is elastic

0Thank You

Ashish Shekhawat 6 years, 3 months ago

1Thank You

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