state the types of demand elasticity income, Managerial Economics

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state the types of demand elasticity income

State the types of demand elasticity

Income Elasticity: Elasticity of demand with respect to change in consumer's income.
Price Expectation Elasticity of Demand: Elasticity of demand with respect to consumer's expectations regarding future price of the commodity
Price Elasticity: Elasticity of demand for a commodity with respect to change in its price.
.Cross Elasticity: Elasticity of demand for a commodity with respect to change in the price of its substitutes.

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