nojokes889 nojokes889

14-03-2022
Advanced Placement (AP)

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Explain the measurement of the price elasticity of demand along the demand curve.

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SisterInLaw SisterInLaw

14-03-2022

Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product to the percentage change in price. Economists employ it to understand how supply and demand change when a product's price changes.

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