draw the degrees of prise elasticity of demand
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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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Answered by
1
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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