Economy, asked by poojagattu65, 3 months ago

ELASTICITY OF DEMAND

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Answered by mraj67142

1

Price elasticity of demand

A good's price elasticity of demand is a measure of how sensitive the quantity demanded of it is to its price

Answered by akkhansa

6

A good's price elasticity of demand is a measure of how sensitive the quantity demanded of it is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.

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