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19-03-2021
Geography

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what is pirce elascitity of demand

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helperpleper helperpleper

19-03-2021

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.

Explanation:

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