Economy, asked by fardeennazir123, 6 months ago

What gives the measure of price elasticity of demand?​

Answers

Answered by AyushSingh2003
0

Answer:

Uhm....actually I think you are wrong the price elasticity of demand itself is a measurement .

To clear your doubt you can read this definition ,

Price elasticity of demand measures the percentage change in quantity demanded of a commodity due to 1% change in the price of the commodity .

|e| = (% change in Qd)/(% change in P)

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