Evalute plasticity their role and characterization
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The formula used to calculate the price elasticity of demand is: The symbol η represents the price elasticity of demand. The symbol Q0 represents the initial quantity demanded that exists when the price equals P0. The symbol Q1represents the new quantity demanded that exists when the price changes to P1.
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The price elasticity of demand also plays a key role in determining if a firm can pass the cost ... but that these costs—travel, setting up the stage, and so on—are the same regardless of
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