Economy, asked by dilbagsandhu416, 1 month ago

what is the price elasticity of demand ? Can you explain it in your own words ?

Answers

Answered by ns3059338

Explanation:

Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded (or supplied) divided by the percentage change in price.

Answered by kannamadhavi11

Answer:

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what is the price elasticity of demand ? Can you explain it in your own words ?​

Answers

what is the price elasticity of demand ? Can you explain it in your own words ?