Difference between revisions of "Elasticity of demand"
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(Created page with "'''Elasticity of demand''' equals the ratio of the percent change in volume sold to the percent change in price. '''Elasticity of demand''' measure the market response of pric...") |
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Latest revision as of 20:15, 9 January 2013
Elasticity of demand equals the ratio of the percent change in volume sold to the percent change in price. Elasticity of demand measure the market response of price changes to quantity demanded.