--%>

How many types are of price elasticity of demand

How many types are of price elasticity of demand?

E

Expert

Verified

There are five kinds of price elasticity of demand. It is called Degree of elasticity of demand. Like perfectly elastic demand, relatively inelastic demand, relatively elastic demand, unitary elastic demand and perfectly inelastic demand.

   Related Questions in Managerial Economics

  • Q : Concept of derived demand The concept

    The concept of derived demand means that: (w) consumer demands for goods depend on the utilities received from their use. (x) firms’ demands for resources depend upon consumer demands for the goods produced. (y) governmental demands for social g

  • Q : Bend backward labor supplies Labor

    Labor supply curves “bend backward” within response to overwhelmingly powerful: (i) marginal effort effects. (ii) income effects. (iii) wealth effects. (iv) derived supply effects. (v) substitution effects.

    Q : Lower Wages in Wage Differentials

    Compared to men along with similar amounts of education or experience, women onto average earn: (1) higher wages. (2) similar wages. (3) lower wages. (4) There is no general pattern. Can someone explain/help me with best solution a

  • Q : Forecasting demand what are the

    what are the criteria for good forecasting

  • Q : Illustrates the term Demand Function

    Illustrates the term Demand Function?

  • Q : State the laws of production State the

    State the laws of production.

  • Q : Depletion of fossil fuel Resources I

    I have a problem in economics on Resources. Please help me in the following question. The depletion of the fossil fuel reserves will cause the world’s production possibilities frontier to shift: (i) Outward and decrease capacity

  • Q : Operational or internal issues of

    What are the operational or internal issues of managerial economics?

  • Q : Reason of an unexpectedly good

    An unexpectedly good agricultural harvest because of the: (w) profits of most speculators to soar. (x) population growth rate to accelerate. (y) market demand and price to increase. (z) quantity of food demanded to develop. I need

  • Q : Illustrates the economies of scale are

    Illustrates the economies of scale are categorization?