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Basics of Economics ...

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Jerry Jose
Jerry Jose
BusinessEconomy & Finance
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Elasticity of Demand By Jerry Jose PGD(BA)
Ceteris- paribus ,[object Object],[object Object]
What is Elasticity ? ,[object Object]
Kinds of Elasticity…. ,[object Object],[object Object],[object Object]
Perfect Inelastic Demand…. ,[object Object]
Examples….. Salt.
Perfect Elastic Demand…. ,[object Object]
Examples…. Soap. Wada pav Tea & Coffee
Unitary Elasticity… ,[object Object]
Example…. Fruits & vegetables
Relative Elastic Demand…. ,[object Object]
Example…. Vaccination Medicines Cure for AIDS
Relatively Inelastic Demand…. Phenomenal change in price will not make change in demand.
Examples…
How to calculate Elasticity ? ,[object Object],[object Object],[object Object]
[object Object]
Thank You !!!

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Basics of Economics ...