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Difine price elasticity of demand.

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Difine price elasticity of demand.
  • 2 answers

Ravi Rajput 7 years, 11 months ago

Price elasticity of demand refers to percentage change in Qty demanded due to some percentage change in price.

Kirna Sheoran 7 years, 11 months ago

It means change in one variable because of another variable like two variables price and demand
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