Economy, asked by shooterbisht5, 1 year ago

price elasticity of demand

Answers

Answered by clicker786

0

is an economic measure of the change in the items purchased of a product in relation to its price change.

formula:

Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price

Answered by nikki1271

0

Answer:

The responsiveness of quantity demanded of a commodity towards change in its price is known as price elasticity of demand.

Price elasticity of demand ( Ep ) =

proportionate change in quantity demanded/proportionate change in price

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