Answers

2014-04-04T16:58:35+05:30
Price elasticity of demand is a measured used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to change in its price. More precisely it gives the percentage change in response to  1 percent change in price.
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  • Brainly User
2014-04-04T19:49:49+05:30
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price is called demand elasticity

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