<prompt> Hlalosa mohopolo oa demand elasticitynan  <response>: Instruction in English: Explain the concept of demand elasticity . Response in English: Demand elasticity, also known as price elasticity of demand, is an economic concept which measures the responsiveness of the quantity of a good or service demanded to a change in its price. Essentially, it helps to determine how sensitive consumers are to changes in price and helps businesses to understand the potential impact of a price change on their sales volume and revenue.The formula for calculating demand elasticity is the percentage change in quantity demanded divided by the percentage change in price. If the resulting value is greater than 1, it means the demand for the good or service is elastic, meaning that a change in price results in a significant change in the quantity demanded. On the other hand, if the value is less than 1, it means the demand is inelastic, meaning that changes in price have little effect on the quantity demanded.For example, if a business increases the price of a product and the demand for that product significantly decreases, it suggests that the product has high demand elasticity. This would mean that the product may be considered a luxury good, or that there are many substitutes available, so consumers have the option to switch to a different product if the price increases. Meanwhile, if a business increases the price of a product and the demand remains relatively unchanged, it suggests that the product has low demand elasticity. This may mean that the product is considered a necessity, or that there are few substitutes available.Understanding demand elasticity is important for businesses when it comes to pricing strategies and decision-making, as it helps them to predict the potential impact of price changes on demand and revenue. . Response in Sesotho: Demand elasticity, eo hape e tsejoang e le theko elasticity of demand, ke mohopolo oa moruo o lekanyang karabelo ea bongata ba thepa kapa tšebeletso e batloang phetohong ea theko ea eona. Ha e le hantle, e thusa ho tseba hore na bareki ba hlokolosi hakae ho fetoha ha litheko le ho thusa likhoebo ho utloisisa tšusumetso e ka bang teng ea phetoho ea litheko ho boleng ba thekiso ea bona le lekeno. Foromo ea ho bala tlhokahalo ea elasticity ke phetoho ea peresente ea bongata bo batloang e arotsoe ke phetoho ea peresente ea theko. Haeba boleng bo hlahisoang bo le boholo ho feta 1, ho bolela hore tlhokahalo ea molemo kapa tšebeletso ke elastic, ho bolelang hore phetoho ea theko e fella ka phetoho e kholo ea bongata bo batloang. Ka lehlakoreng le leng, haeba boleng bo le ka tlase ho 1, ho bolela hore tlhokahalo e inelastic, ho bolelang hore liphetoho tsa theko ha li na phello e fokolang ho bongata bo batloang. Ka mohlala, haeba khoebo e eketsa theko ea sehlahisoa me tlhokahalo ea sehlahisoa seo e fokotseha haholo, e fana ka maikutlo a hore sehlahisoa se na le tlhokahalo e phahameng ea elasticity. Sena se ka bolela hore sehlahisoa se ka nkuoa e le se setle, kapa ho na le tse ling tse ngata tse fumanehang, kahoo bareki ba na le boikhethelo ba ho fetohela ho sehlahisoa se fapaneng haeba theko e nyoloha. Ho sa le joalo, haeba khoebo e eketsa theko ea sehlahisoa me tlhokahalo e lula e sa fetohe, e fana ka maikutlo a hore sehlahisoa se na le tlhokahalo e fokolang ea elasticity. Sena se ka bolela hore sehlahisoa se nkoa e le tlhokahalo, kapa hore ho na le tse ling tse seng kae tse fumanehang. Ho utloisisa tlhokahalo ea elasticity ho bohlokoa bakeng sa likhoebo ha ho tluoa maqheka a litheko le ho etsa liqeto, kaha ho li thusa ho bolela esale pele phello e ka bang teng ea liphetoho tsa theko ho tlhokeho le lekeno. 