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Tag: Elasticity of Demand

elasticity of demand
Posted on January 21, 2020September 12, 2022 by mjadmin

What is the Elasticity of Demand?  | An Overview

The concept of elasticity of demand plays a crucial role in the pricing decisions of the business firms. It is also essential in judging the effect of the devaluation of a country’s currency. Whenever the finance minister considers tax imposing on various commodities, he has to check the elasticity of demand. To fix the prices […]

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