# Answer to Question #77366 in Other Economics for Pumla

Question #77366

Explain with aid diagrams, the FIVE (5) categories of price elasticity of demand

Expert's answer

There are five categories of elasticity of demand:

1. Perfectly elastic demand

2. Perfectly inelastic demand

3. Relatively elastic demand

4. Relatively inelastic demand

5. Unitary elastic demand

1. Perfectly elastic demand

2. Perfectly inelastic demand

3. Relatively elastic demand

4. Relatively inelastic demand

5. Unitary elastic demand

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