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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour2 Marks
Question
What is elasticity of demand?
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Answer

Elasticity of demand measures the degree of responsiveness of the amount of the given good demanded due to change in the price of the given good.

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