Importance of Elasticity Demand

enormousness of Elasticity DemandPrice Elasticity of Demand (PED) measures the percentage transmute in the price of a product, to the percentage change of demand for that equivalent product. It is measured through varying degrees of elasticity. An inelastic good means that a change in price will have a rattling little effect on the demand. Due to PED=%?Q / %?P, inelastic goods have a PED