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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 does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?
I would like to know one of the external determinants in Spain''s recovery, please?
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