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What is the price elasticity of demand?
It is the Defining and Measuring Elasticity.
The price elasticity of demand is the ratio of the percent modification into the quantity demanded to the percent change into the price as
we shift along the demand curve.
Price elasticity of demand = (% change in quantity demanded)/(% change in price)
what is it?
What are the pros and cons of outsourcing in order to keep prices down?
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