Elasticity of Demand
Definition Worksheet
Q1 Complete the following table
|
S.no
|
Degree of Price Elasticity of Demand
|
Type
|
Response to quantity Demanded
|
Shape of demand curve
|
|
1
|
E=1
|
|
|
|
|
2
|
E <1
|
|
|
|
|
3
|
E=1
|
|
|
|
|
4
|
E>1
|
|
|
|
|
5
|
E=∞
|
|
|
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