Price elasticity of demand is a measure of the change in the quantity demanded or purchased of a product in relation to its price change. read more
Price elasticity of demand measures the responsiveness of demand after a change in a product's own price. read more
Price elasticity of demand (PED or E d) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. read more