Economy, asked by Gopal6582, 10 months ago

What do you understand by price elasticity of demand? How is it measured?

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Answered by kritika97303

Answer:

hopefully you will get the answer

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Answered by roshansah11

Answer:

Price elasticity is the ratio between the percentage change in the quantity demanded, or supplied and the corresponding percent change in price. The price elasticity of demand is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price.

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