How to Measure the Elasticity of Demand ? (Top 5 Methods)
The following points highlight the top five methods used for measuring the elasticity of demand. The methods are: 1. Price Elasticity of Demand 2. Income Elasticity of Demand 3. Cross Elasticity of Demand 4. Advertisement or Promotional Elasticity of Sales 5. Elasticity of Price Expectations. Method # 1. Price Elasticity of Demand: Price elasticity of demand is a measure of [...]