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Shanu posted an Question
September 02, 2020 • 22:57 pm 75 points
  • UGC NET
  • Economics

How price elasticity of demand is measured

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  • Rekha sharma

    price elasticity which actually measures change in quantity demanded or supplied in respect of change in price of a good

  • 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—or supplied—divided by the percentage change in price.

  • 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—or supplied—divided by the percentage change in price.

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