Economy, asked by iseisie, 4 months ago

the price elasticity of demand is -0.9. what can you determine about consumer demand for your product from this information

Answers

Answered by diyabhana

Answer:

The price level of an item affects the demand for a good or service, and the price elasticity of demand can be used to measure the sensitivity of a change in the quantity demanded of a good or service relative to a change in price.

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