Economy, asked by hemantkumarmalik338, 1 month ago

explain percentage method of measuring price elasticity of demand

Answers

Answered by s14824braunak21169

Answer:

Percentage Method- This method measures elasticity of demand as a ratio of percentage change in demand to percentage in price. ... Suppose due to 5% increase in price of a commodity, demand of commodity decreases by 5% then elasticity of demand will be equal to 1.

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