Elasticity of demand One shot | Micro economics | Complete explanation with all Numericals

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20:00

[@gamer_havier2000]

Elasticity of demand basically measure change in deamnd and price is called elasticity.
Two methods to calculate elasticity of demand
1.percentage method
2.total expenditure method
Graph wagera
Numericals
Factors affecting elasticity of demand :-
1.availabitiy of substitues
2.income of consumer
3.luxery and necessary
4.proportion of income spent on it .

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12:05

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There is doubt on question number 3 300 kyon aaya

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11:36 ∆p = 10-p1 ayega

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It's not 300 it's 30.0

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