English, asked by bajsbs, 1 year ago

define price elasticity of demand ​

Answers

Answered by farooquihk
3

Answer:

hello hope you like it

Explanation:

Price elasticity of demand is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes.

Answered by Anonymous
9

Heya mate...

Price elasticity of demand means the degree of responsiveness of demand for a commodity with reference to change in the price of such commodity...

HOPE IT HELPS UH ❤️

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