What does advertising elasticity of demand mean?

advertising elasticity of demand meaning in Law Dictionary

extent demand changes charges for products or services. If item costs less much more can be bought. It it are priced at even more less are sold additionally the cost rises.

advertising elasticity of demand meaning in Business Dictionary

their education to which demand for a good or solution will be different having its cost. Usually, product sales go up with a drop in expense and product sales drop when prices rise. Typically, non-essential items show elasticity of demand and a lot of necessary items including meals and basic clothes will show an inelasticity of need, meaning that they do not sell significantly more or less with changes in cost.