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What are the factors governing Elasticity of demand?

What are the types of Elasticity of demand?

What do you mean by elasticity? What are the factors governing it ?

What is cross elasticity of Demand? Explain.

What is demand forecasting? Explain briefly various methods of forecasting?

What is impact of substitutes and complements on demand of a product?

What is meant by elasticity of demand? Explain giving a suitable illustration, how elasticity of demand determines the price policy of a firm.

What is the criteria for choice of good forecasting method?

What is the cross elasticity of demand? Explain.

What is the importance of Elasticity of demand?