More than one answer can be chosen for this question. Check all that apply
Homework Answers
Here, option A is correct.
Becuase, Elasticity of demand is defined as type responsiveness
of the quantity demand when price of the commodity changes.
So, it is determined as percentage change in quantity demanded over
percentage change in price.
So, seller will try to charge higher price from the consumer with inelastic demand and will charge lower prices from consumer with elastic demand.
So, option A only.
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