What is the price elasticity of demandit is the defining, Ask an Expert

Economics

What is the price elasticity of demand?

It is the Defining and Measuring Elasticity.

The price elasticity of demand is the ratio of the percent modification into the quantity demanded to the percent change into the price as

we shift along the demand curve.

Price elasticity of demand = (% change in quantity demanded)/(% change in price)

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9581633

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