. Advertisement .
..3..
......... ADVERTISEMENT .........
..8..
Statement True False |
Between points A and B, curve II is perfectly inelastic. Ο Ο |
. Advertisement . ..4.. Curve KK is more elastic between points A and C than Ο Ο curve JJ is between points A and D. |
Between points A and D, curve JJ is inelastic. Ο Ο |
Revelant knowledge
Elasticity: If the cost of the item changes, and the customers react in various ways to this. They generally will demand less of the item following that. The amount of this effect is referred to as an elasticity value of the product.
Answer: