what is elasticity and how it can be measured.??
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Elasticity is defined as a ratio of the percentage change in the dependent variable to the percentage change in the independent variable • The price elasticity of Demand : The price elasticity of demand is a measure of the degree of sensitivity of demand to changes in the price of product –X.
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colity that something of being able to strech and return to it's real size or shape called aselasticity
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