Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
What Is Elasticity And Its Conditions For Implementation (in Hindi)
144 plays


Raushan Sir
Author, Motivator And Best Faculty Of GS at Mukherjee Nagar in Delhi,With Teaching Experience Of 12 Years

Unacademy user
very nice sir make all other courses of civil.... which are left ..... great working sir........
  1. LAW OF ELEASTICITY OF PRICE t is a economic hypothesis which explains that it is the responsiveness in percentage change of demand of a good or commodity with percentage change in its price. EpADDAD P/P % P Where, Ep Price elasticity of demand D- Original quantity demanded AD- Change in quantity demanded P Original Price change in Price This law was defined by Alfred Marshall in his book Principles of Economics published in 1890.

  2. CONDITIONS OF ELASTICITY 1 Availability of Substitute goods 2 Brand loyalty (attachment to a certain brand) 3 Necessity of a Good. 4 Percentage of Income 5 Who Pays