what is price elasticity of demand
Answers
Answered by
12
Price elasticity of demand. ... Price elasticity of demand is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
Ananyamandal:
how
there is mark on the answer of both please click it and brainliest hojayega
Answered by
7
When the demand of the product is increased or decreased with the increase or decrease in the prices of product, is called price elasticity of demand..
thanxx it is very helpful
welcome
Similar questions