Economy, asked by akshit5623, 11 months ago

explain relationship between price elasticity of demand and slope of linear demand curve?

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Answered by smartsarancomfortrub

Answer:

The price elasticity of demand is the ratio of the percentage change in quantity to the percentage change in price. As we will see, when computing elasticity at different points on a linear demand curve, the slope is constant—that is, it does not change—but the value for elasticity will change.

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