

InterviewSolution
Saved Bookmarks
1. |
Give one point of differnece between law of demand and elasticity of demand. |
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Law of demand reflects the <a href="https://interviewquestions.tuteehub.com/tag/direction-1696" style="font-weight:bold;" target="_blank" title="Click to know more about DIRECTION">DIRECTION</a> of change in demand <a href="https://interviewquestions.tuteehub.com/tag/due-433472" style="font-weight:bold;" target="_blank" title="Click to know more about DUE">DUE</a> to change in price, whereas <a href="https://interviewquestions.tuteehub.com/tag/elasticity-14238" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTICITY">ELASTICITY</a> of <a href="https://interviewquestions.tuteehub.com/tag/dmeand-2590304" style="font-weight:bold;" target="_blank" title="Click to know more about DMEAND">DMEAND</a> measures the degree or magnitudeof change in demand due to change in price of the commodity.</body></html> | |