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Yogita Ingle 6 years, 11 months ago
Now as mentioned earlier, the elasticity of demand measures how factors such as price and income affect the demand for a product. Price elasticity of demand measures how the change in a product’s price affects its associated demand. Now you can measure the price elasticity of demand (PED) mathematically as follows:
Price Elasticity of Demand (PED) = % change in quantity demanded / % change in price
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Gaurav Seth 6 years, 11 months ago
Public deposits.
Fair weather friends are those persons who are your friends only when the circumstances are pleasant or profitable. The moment the situation changes, their behaviour changes. Similarly, Public deposits is an uncertain form of financing. In situation where the investors feel that company is going to incur losses, they may not be willing to invest (lend) funds and even may resort to withdrawing funds already invested.
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Demand is an economic term that refers to the amount of products or services that consumers wish to purchase at any given price level. The mere desire of a consumer for a product is not demand. Demand includes the purchasing power of the consumer to acquire a given product at a given period. In other words, it’s the amount of products or services that consumers are willing and able to purchase
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Joya Chatterjee 6 years, 11 months ago
1Thank You