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Illustrates about the terms of elasticity?

• Definition of elasticity

a. Price elasticity of demand

b. Income elasticity of demand and

c. Price elasticity of supply

• Factors which affect the size of elasticities

• How elasticity influences the incidence of a tax, and that bears its burden?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9581632

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