Elasticity concept

Formula: Percentage change in dependent variable / Percentage change in independent (or driving) variable

 

Price elasticity of demand =

 

 

Income Elasticity of demand =

 

Various Elasticity Curves (Demand)

Spread the Word
Categories
Current Affairs (2134) Daily MCQs (802) DTRS (6) Economic Growth and Economic Development (8) Economic Survey (5) Economy (33) Editorials (424) Essay Model Answer (16) Essay Model Answer-2024 (6) Ethics (1) Ethics Model Answer (18) Ethics Terminologies (1) Ethics Vol. 1 (19) GS Mains Model Answer (20) Mains Focus (796) MIGP PYQs (81) Prelims Mantra (46) Public Admin. Model Answer (25) Public Administration (1) PYQs Mains Question (118) Schemes and Programmes (72) Science and Technology (32) The Lukmaan Newsline (20) Trending (17) Uncategorized (25) UNION BUDGET (6) UPSC (12) UPSC PAPER-2021 (8) UPSC PAPER-2022 (9) UPSC PAPER-2023 (9) UPSC PAPER-2024 (13) UPSC PAPER ANALYSIS (1) WSDP (2582) WSDP_Ethics (17) WSDP_Geography (16) WSDP_PubAD (16) WSDP_Sociology (17)

Lukmaan IAS (Head Office)

Address: 60/17, Ground Floor, Old Rajinder Nagar, New Delhi – 110060

Phone: +91 – 9654034293

WhatsApp No.: +91 – 9818421870

Email: enquiries@lukmaanias.com

Youtube Instagram
twitter
Linkedin Quora Facebook
→ Index