Daily Point 2170 - Price Elasticity

 

The Banking Tutor

                               Daily Point 2170

Price Elasticity

 

Price elasticity of demand is a measurement of the change in the demand for a product as a result of a change in its price. If a price change creates a large change in demand, that is known as elastic demand. If a price change creates a small change in demand, that is an inelastic demand.

Sekhar Pariti

+91 9440641014