IBPS SO Marketing Mains: Elasticity of Demand
Channel: BankExamsToday
Date: 2022-12-03

Elasticity of Demand is an important topic for IBPS SO Marketing exam.

The elasticity of demand (PED or Ed), or elasticity, is the degree to which the demand for goods/services changes with change in
- Price of the goods/Service
- The income of the buyer
- Change in price of substitutes of goods/services.


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