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  • Different Types of Price Elasticity

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    This document discusses the different types of price elasticity: perfectly inelastic (demand does not change with price), relatively inelastic (demand changes less than price), unit elastic (demand changes equally with price), relatively elastic (demand changes more than price), and perfectly elastic (no price change with infinite demand change).

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    This document discusses the different types of price elasticity: perfectly inelastic (demand does not change with price), relatively inelastic (demand changes less than price), unit elastic (demand changes equally with price), relatively elastic (demand changes more than price), and perfectly elastic (no price change with infinite demand change).

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    8 views3 pages

    Different Types of Price Elasticity

    Uploaded by

    sukanya_mistu
    This document discusses the different types of price elasticity: perfectly inelastic (demand does not change with price), relatively inelastic (demand changes less than price), unit elastic (demand changes equally with price), relatively elastic (demand changes more than price), and perfectly elastic (no price change with infinite demand change).

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    DIFFERENT TYPES OF PRICE ELASTICITY

    Perfectly Inelastic When there is no change in demand for some infinite change in price Ep = 0
    Demand

    Relatively Inelastic When proportional change in demand is less than proportional change in price. Ep < 1

    Unit Elastic When proportional change in demand is equal to proportional change in price. Ep = 1

    Relative elastic When proportional change in demand is more than proportional change in price. Ep > 1

    Perfectly Elastic When there is no change in price but infinite change in demand. Ep =

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