1. Price Elasticity: The concept of price elasticity measures how responsive the quantity demanded or supplied of a good is to changes in its price. Elastic demand or supply means that quantity significantly changes in response to price changes, while inelastic demand or supply means quantity changes only slightly in response to price changes. Demand Elasticity : Demand elasticity, often referred to simply as "elasticity," is a measure of how responsive the quantity demanded of a good or service is to changes in its own price. It quantifies the sensitivity of consumer demand to price fluctuations. The formula for demand elasticity is: Elasticity = (% Change in Quantity demande)/(% change in price)
Star Health Allied Insurance Company (Star Health) and Bajaj Allianz Life Insurance Company have partnered with which small finance bank to enable its c...
What is the primary objective of the $200 million loan agreement signed between the Asian Development Bank (ADB) and the Government of India?
Which river will the first underwater railroad tunnel in Assam be built under?
Which payment company has signed an agreement with NPCI to expand the scope of Unified Payments Interface ( UPI) payments outside India without requirin...
USA and which other country began the 27th CARAT exercise virtually from 1 December?
Statements:
1. Amendments to the MSME Act were proposed during International MSME Day 2024.
2. The TEAM Initiative facilitates onboarding ...
India's company HealthKart’s MuscleBlaze signs whom as brand ambassador?
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NPCI sets_____ as a deadline to activate offline payments on RuPay cards.