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What is meant by 'Price elastic demand?​
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What is meant by 'Price elastic demand?​

User Markbaldy
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14 votes

Answer:

The amount requested of an item or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.

Step-by-step explanation:

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User John Fowler
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