Basics of Economics ...

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Ceteris- paribus ,[object Object],[object Object]

Kinds of Elasticity…. ,[object Object],[object Object],[object Object]

Perfect Inelastic Demand…. ,[object Object]

Perfect Elastic Demand…. ,[object Object]

Relative Elastic Demand…. ,[object Object]

Example…. Vaccination Medicines Cure for AIDS

Relatively Inelastic Demand…. Phenomenal change in price will not make change in demand.

How to calculate Elasticity ? ,[object Object],[object Object],[object Object]

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