Price Elasticity of Demand | Economics in 5 minutes| Important for SSC, Railway, UPSC

Описание: Price Elasticity of Demand is one of those economics concepts that sounds difficult but is actually very simple once you understand the idea behind it.
In this video, I explain Price Elasticity of Demand in easy Hinglish, using real-life examples so that you can actually understand how demand reacts when prices change.
No unnecessary formulas, no heavy theory — just clear logic and simple explanation.
This video is helpful for students preparing for: SSC (CGL, CHSL, MTS, GD), Railways, Banking exams, and anyone studying economics for the first time.
Watch till the end to understand: • What price elasticity of demand really means
• Why some goods are elastic and others are inelastic
• How to think like a consumer to understand the concept easily
If this video helps you, don’t forget to like, share, and subscribe.
More simple economics concepts coming soon.

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