Elasticity of Demand Explained | Price, Income & Cross Elasticity | UPSC Prelims Economics

Описание: Elasticity of Demand | Complete Concept for UPSC Prelims & Economics Beginners

Elasticity of Demand is one of the most important and frequently tested concepts in UPSC Prelims Economics.
In this video, we explain Elasticity of Demand from basics to advanced level in a clear, slow-paced Hinglish style, making it easy for beginners as well as serious UPSC aspirants.

📌 What you will learn in this video:
• Meaning of Elasticity of Demand
• Types of Elasticity of Demand
• Price Elasticity of Demand
• Income Elasticity of Demand
• Cross Elasticity of Demand
• Factors affecting Elasticity of Demand
• Relation between Elasticity and Revenue
• Graphical explanation with real-life examples
• Common UPSC Prelims traps & PYQ-based insights

🎯 Why this video is important for UPSC:
Elasticity of Demand is directly linked with:
• Price control (price ceiling & price floor)
• Taxation and subsidy
• Market equilibrium
• Government intervention in markets
• Consumer behaviour

This lecture is designed strictly according to the UPSC Prelims syllabus, with conceptual clarity rather than rote learning.

👉 Perfect for:
UPSC | State PSC | Economics Optional | Class 11–12 Economics | Beginners in Economics

🔔 Watch till the end to build a rock-solid foundation in Microeconomics.

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