Elasticity of Demand

Description

In this course, we discuss the Elasticity of Demand. He extensively covers the Introduction to Elasticity, Concepts, Methods of Measurement of Elasticity of Demand, Degree of Price Elasticity, Factors affecting Price Elasticity.

• Elasticity of Demand: Introduction, Concept and Types

• Methods of Measurement of Price Elasticity of Demand: Percentage Method

• Methods of Measurement of Price Elasticity of Demand: Total Expenditure Method

• Methods of Measurement of Price Elasticity of Demand: Point Method

• Degree of Price Elasticity of Demand

• Factors Affecting Price Elasticity of Demand Part 1

• Factors Affecting Price Elasticity of Demand Part 2

The elasticity of demand is an important variation in the concept of demand. Demand can be classified as elastic, inelastic or unitary. Elastic demand is one in which the change in quantity demanded due to a change in price is large.

Elastic demand is one in which the change in quantity demanded due to a change in price is large.

This course is self-based, designed for all levels in economics and in the English language.

This is Sanchit Gupta currently working as a Software Engineer in Bangalore, India. I'm working as a verified educator for the past 3 years on Unacademy (India's Largest Learning Platform) now. There I teach several topics (Competitive Exams, CAT, GMAT, GRE Preparation, Economics, UPSC Preparation, Programming, Personal Development and many more).

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