Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:Elasticity of demand refers to change in quantity consequent upon change in price of the commodity.
Answer» No. Elasticity of demand is always measured as a percentage change in quantity demanded in response to a percentage change in price.

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