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What does the price elasticity of demand measure?

What does the price elasticity of demand measure?

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Asked by Wlkg, Last updated: Nov 09, 2024

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2 Answers

John Adney

John Adney

John Adney
John Adney

Answered Oct 12, 2017

I object to this unfair and immoral question. It goes against my beliefs.

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John Smith

John Smith

John Smith
John Smith

Answered Feb 24, 2017

Quantity demanded to change in the price of a good, ceteris paribus
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