Question

define price elasticity of demand .explain its various degrees use diagrams​

Answer 1

Answer:

The answer is:

Explanation:

“Elasticity of demand may be defined as the percentage change in quantity demanded to the percentage change in-price.” ADVERTISEMENTS: “Elasticity of demand is the ratio of relative change in quantity to relative change in Price.” ... “Elasticity of demand measures the responsiveness of demand to changes in price”.

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Answer 2

Answer:

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