Sunday, July 21, 2019
Importance of Elasticity Demand
Importance of Elasticity Demand Price Elasticity of Demand (PED) measures the percentage change in the price of a product, to the percentage change of demand for that same product. It is measured through varying degrees of elasticity. An inelastic good means that a change in price will have a very little effect on the demand. Due to PED=%?Q / %?P, inelastic  goods have a PED
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