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What do you understand by price elasticity of demand? How is it measured? Explain.

    • Posted by Neha Sachdeva 6 years, 4 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Manpreet Kaur 6 years, 4 months ago

    Price elasticity of demand is measured as the ratio between percentage change in quantity demand and precentage change in price

    1Thank You

    Manpreet Kaur 6 years, 4 months ago

    Price elasticity of demand refers to the extent by which qyantity demand of commodity changes due to change in price of a commodity

    1Thank You

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