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MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND1 Mark
Question
When is demand elastic?
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Answer

When percentage change in quantity demanded is greater than percentage change in price, the demand is called elastic.

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