Economy, asked by Ananyamandal, 1 year ago

what is price elasticity of demand

Answers

Answered by prabhat0308

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

sachinarora2001: there is mark on the answer of both please click it and brainliest hojayega

Answered by sachinarora2001

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..

Ananyamandal: thanxx it is very helpful

sachinarora2001: welcome

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