Question

② What
the method of clasticity of demand​

Answer 1

Answer:

The Percentage Method:

The price elasticity of demand is measured by its coefficient (Ep). This coefficient (Ep) measures the percentage change in the quantity of a commodity demanded resulting from a given percentage change in its price. Where q refers to quantity demanded, p to price and Δ to change.

Answer 2

Answer:

Percentage method

Explanation:

Percentage method is the most common method for measuring price elasticity of demand(Ed). This method was introduced by Prof marshall. This method is also known as flux method.

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