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Demand Elasticities
SUBJECT : Managerial Economics
PUBLISHED ON : 12/03/14
NUMBER OF PAGES : ( 13 Pages)
PRICE : Rs 9.75

Elasticity is a general measurement concept. The law of demand tells us that consumers will respond to a price changes i.e. buying more when price decline and buying less when price rises.However, it does not tells anything about the degree of responsiveness of consumers to a price change.

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