"Price Elasticity of Demand" Definition
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 Glossary   >   P   >   "Price Elasticity of Demand" Definition   

        Price Elasticity of Demand

A measure of the responsiveness of the quantity demanded of a good to a change in its price. It is calculated as:

Price Elasticity of Demand


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Price Elasticity of Demand - A measure of the responsiveness of the quantity demanded of a good to a change in its price. It is calculated as:


Price Elasticity of Demand : a measure of the responsiveness of the quantity demanded of a good to a change in its price. it is calculated as: