What is the price elasticity of demand, Macroeconomics

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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)


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Assignment #1, Explain the meaning of a production possibilities curve

Explain the meaning of a production possibilities curve

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