How many types are of price elasticity of demand
How many types are of price elasticity of demand?
Expert
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.
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The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou
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