Economy, asked by Anonymous, 4 months ago

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what is price elasticity of demand...?

Answers

Answered by faaezm6
3

Answer:

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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Answered by honey2442
2

Answer:

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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