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What is pirce elascitity of demand
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What is pirce elascitity of demand

User Cephas
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14 votes

Answer:

Price elasticity of demand is a measurement of the change in consumption of a product in relation to a change in its price. Expressed mathematically, it is: Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price.

Step-by-step explanation:

User Arup Sarkar
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