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Outline the various types of elasticity of demand giving their determinants.

      

Outline the various types of elasticity of demand giving their determinants.

  

Answers


Winnie
Price elasticity of demand- it's determinant is price of the commodity

Income elasticity of demand - it's determinant is income of the consumer

Cross elasticity of demand - it's determinant is price of related commodities
Wincate 1 answered the question on October 5, 2017 at 19:08


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