TYPES OF PRICE ELASTICITY OF DEMAND

Learn economics easily ! In this lecture you will be able to understand what is price elasticity of demand and also get an idea of the various types of price elasticity of demand.
1. Perfectly Inelastic demand

2. Perfectly elastic demand

3. Unit elasticity of demand

4 Relatively Inelastic demand

5 Relatively elastic demand

# Price elasticity of demand


#Typesofpriceelasticityofdemand


# Price elasticity is perfectly Inelastic when Ep is equal to zero (0).


# Price elasticity is perfectly Elastic when Ep is equal to infinity (♾ )


# Price elasticity is relatively Inelastic when Ep is less than one (1).

# Price elasticity is relatively elastic when Ep is greater than one (1).


# Unit Price elasticity is when Ep is equal to one (1).





This course is intended for BA, Bcom, BSc, BBA, BBA-IB, BBA-CA, MBA Basics and also the MA and MSc courses in Economics. This course will also serve those who are taking up their intermediate levels or A-levels. Hope you like our efforts.




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1. Macroeconomics
2. International Economics
3. Economics of Growth and Development
4. Indian Constitution
5. Physical Geography
6. Environmental Sciences
7. Behavioural Economics


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