Elasticity of demand

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Price elasticity of demand measures the responsiveness of quantity demanded to a change in price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. There are different degrees of price elasticity including elastic, inelastic, and unit elastic depending on whether the percentage change in quantity demanded is greater than, less than, or equal to the percentage change in price.

ELASTICITY OF DEMAND

PRICE ELASTICITY OF DEMAND
 Price elasticity of demand is a measure of degree
of responsiveness of the change in demand to a
change in price.
 It is percentage change in quantity demanded to
percentage change in price.

MEASUREMENT OF ELASTICITY

DEGREES OF PRICE ELASTICITY

DEGREES OF PRICE ELASTICITY

DEGREES OF PRICE ELASTICITY

NUMERICALS

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Elasticity of demand

Elasticity of demand

Elasticity of demand

Elasticity of demand

Elasticity of demand

Elasticity of demand

Elasticity of demand

Elasticity of demand

Elasticity of demand

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Elasticity of demand

1. ELASTICITY OF DEMAND

2. PRICE ELASTICITY OF DEMAND  Price elasticity of demand is a measure of degree of responsiveness of the change in demand to a change in price.  It is percentage change in quantity demanded to percentage change in price.

3. MEASUREMENT OF ELASTICITY

4. DEGREES OF PRICE ELASTICITY

5. DEGREES OF PRICE ELASTICITY

6. DEGREES OF PRICE ELASTICITY

7.

9.

10.

11. Let us practice -