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Elasticity
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When 10 percent change in the price of good brings about a 20 percent change in its quantity demanded the price elasticity of demand is... we can say that demand for this good is...
Elasticity of demand and elasticity of supply
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Hello every one, Do let me know elasticity of demand and elasticity of supply means the same as price elasticity of demand and price elasticity of supply? If yes then its mean we use the same formula of price elasticity of demand and supply or they are different? Waiting... :confused: View more questions Search
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