SAQs from Elasticity

Dear Mayank,
This is the list of SAQs from Lesson 3. Any 2 of the following will appear in IPE.
1. Types of Elasticity
2. Determinants of elasticity (learn any 6)
3. Point method
4. Arc method
5. Total expenditure method
6. Importance of the concept of elasticity
7. Types of price elasticity
U can use either the notes given by me or the text book. But definitely learn these as they are very simple answers.

Sai Latha