Economy, asked by suni9346, 1 year ago

What are the degrees of price elasticity of Demand?

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Answered by aarm20803

petrol and desial are of great elasticity and demand

Answered by NandhaMK36

In simple words, price elasticity of demand is the ratio of percentage change in quantity demanded to the percentage change in price. In other words, price elasticity of demand is a measure of the relative change in quantity purchased of a good in response to a relative change in its price.

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