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Analyse the given graphs and identify the type of elasticity of demand of: Picture 1 Picture 2 - Economics

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प्रश्न

           

Analyse the given graphs and identify the type of elasticity of demand of:

  1. Picture 1
  2. Picture 2
टिप्पणी लिखिए

उत्तर

Picture 1: Perfectly elastic demand ep = ∞

Picture 2: Perfect inelastic demand ep = 0

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Degrees (Or Kinds) of Price Elasticity of Demand
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