ELASTICITY OF DEMAND

INCOME ELASTICITY OF DEMAND

SS 2 Economics (1st, 2nd & 3rd Term), Economics
Mrs. Essien

Income elasticity of demand is the degree of responsiveness of quantity demanded of a commodity to a little change in… Read More »INCOME ELASTICITY OF DEMAND

ELASTICITY OF DEMAND

SS 2 Economics (1st, 2nd & 3rd Term), Economics
Mrs. Essien

DEFINITION OF ELASTICITY OF DEMAND Elasticity of demand may be defined as the degree of responsiveness of demand as changes… Read More »ELASTICITY OF DEMAND