## Broadly discuss the measurements of price elasticity of demand.

Measurement of Price Elasticity of Demand: There are 5 different measurements of Price Elasticity of Demand. They are as follows: Perfectly Inelastic Demand (Elasticity = 0) Perfectly Elastic Demand (Elasticity = Infinity) Unit Elasticity of Demand (Elasticity = 1) Relatively Inelastic Demand (Elasticity < 1) Relatively Elastic Demand (Elasticity > 1) These measurements has been … Read more