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Shanu Asked a Question
September 2, 2020 5:27 pmpts 75 pts
  • UGC NET
  • Economics

How price elasticity of demand is measured

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  • Anonymous User Best Answer
    Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—o...
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  • Anonymous User thankyou
    Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—o...
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