Price Elasticity











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Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. • It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price. • For longer video's, please check out the content on our channel! • –––––––––––––––––––––––––––––––––––––––––––––––––– • School of Learning • Arnav Dutta •   / arnav-dutta-a2020a44   •    / @schooloflearning  

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