Question

how do you measure price elasticity of demand by total outlay method also with the point method?​

Answer 1

Answer:

Total outlay method, also known as total expenditure method of measuring price elasticity of demand was developed by Professor Alfred Marshall. According to this method, price elasticity of demand can be measured by comparing total expenditure on a commodity before and after the price change.

Answer 2

Answer:

here your answer

Explanation:

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