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Vitek1552 [10]
3 years ago
8

What is elasticity of demand?

Social Studies
2 answers:
Misha Larkins [42]3 years ago
5 0
Elasticity of demand is a measure used in economics to show the responsiveness<span>

</span>
slega [8]3 years ago
5 0

The elasticity of demand refers to the degree or intensity of responsiveness of demand for the goods and services when its price changes. However, it can be determined by dividing the change in demand (in percentage) with the change in price (in percentage). If the value of elasticity is zero then this is called perfectly inelastic demand because it shows no change in quantity when its price changes.

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It is widely agreed that Cacioppo and Berntson are the true founders of social neuroscience. Social neuroscience, which is still a developing area, focuses on how the brain influences social interactions and is closely related to affective neuroscience and cognitive neuroscience.

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4 years ago
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The british send Captain Cook and his ship Endeavour.

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