In this theory we are supposed to read elasticity of demand in relation to price..(Assuming other things constant)
But in real life other things are never constant, within seconds of making a plan other things get changed. What will you do?
But surely practising this theory will definately help in life.
As soon as you'l get into the habit.
You won't have to measure it on paper, It will be calculated in mind.
And you will be calculating the elasticity of bunking a class on your career or Delaying a project on your incentives.
Here I am not saying that you will stop bunking or delaying projects but you will be in better condition to take a decision, when to do it and when to not.
In stock market a stocks price is not dependent on that.
logically it should have some effect but practically not.
As after showing exceptional gains in thier p&l a/c stocks are falling and after showing bad performence some stocks are raising, to know why? have patience...... I will post that at the right time.
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