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What is the price elasticity of demand?

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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

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