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How are the three cases of demand elasticity measured?
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Answered 2 years ago
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1 of 3There are three types of elasticity of demand:
before changes in the price it will cause a change in demand to a greater extent than the price change.
in the event of price changes, it will cause a change in demand to a lesser or no extent than the price change.
a change in price will cause a change in demand in the same proportion as the change in price.
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