Assignment describes Price elasticity of demand, Income elasticity of demand and Cross elasticity of demand of toyota corolla car.
Elasticity of demand refers to the degree of responsiveness of quantity demanded of a commodity to a change in any of its determinants, viz., price of a commodity, price of other commodities and income of consumer.
ELASTICITY OF DEMAND
- Price Elasticity of Demand
- Income Elasticity of Demand
- Cross Elasticity of Demand