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Karthikeyan

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Price elasticity of demand.

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Epidermis, Gametes, Flowering Plants, and the Fungi Kingdom

Epidermis

  • The epidermis is the outermost layer of cells covering the leaves, stems, and roots of a plant.

  • It protects the plant from water loss, injury, and infection.

  • Cells are closely packed and often covered with a waxy cuticle to reduce evaporation.

  • In leaves, it contains stomata, which control gas exchange and transpiration.

Key Points:

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Price Elasticity of Demand (PED)

Price Elasticity of Demand (PED)

Meaning: Price elasticity of demand shows how much the demand for a product changes when its price changes. It helps us understand how sensitive customers are to price changes.

For example:

  • If the price of ice cream goes up and people stop buying it quickly, the demand is elastic.

  • But if the price of salt goes up and people still buy it, the demand is inelastic.

Formula:

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Ferns

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