History, asked by haertbeatbadboy, 5 hours ago

What do you mean price elasticity of demand???​

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Answers

Answered by reevachauhan18
0

Explanation:

Price elasticity of demand is a measurement of the change in consumption of a product in relation to a change in its price. Expressed mathematically, it is: Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price.

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