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Question
List the various methods used to measure elasticity of demand.
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Solution
There are four methods of measuring elasticity of demand.
1: Percentage method,
2: Point method,
3: Arc method
4: Expenditure method.
There are four methods of measuring elasticity of demand.
1: Percentage method,
2: Point method,
3: Arc method
4: Expenditure method.
1: Percentage method,
2: Point method,
3: Arc method
4: Expenditure method.
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