68 447
Assignments Done
Successfully Done
In December 2018

Answer to Question #79343 in Other Economics for Goody

Question #79343
What is price elasticity of demand?
Expert's answer
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. Expressed mathematically, it is:
Ed = %change in quantity demanded/%change in price.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions