Economy, asked by mangamma79, 6 months ago

Define price elasticity of demand. How it is
measured.

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Answered by Anonymous

$\huge \star \bold \purple{heya \: mate}$

Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded (or supplied) divided by the percentage change in price.

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Define price elasticity of demand. How it ismeasured.​

Answers

Define price elasticity of demand. How it is
measured.