Business Studies, asked by lucylalnunmawii2001, 3 months ago

elasticity of demand measure the

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Answered by XxMichhfuggilxX

Answer:

Elasticity of Demand. • 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.

Answered by XxHeartKillerGirl9xX

Answer:

Elasticity of Demand. • 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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