The price elasticity of demand (Price Elasticity of Demand) refers to the percentage change in quantity of goods with an offer to purchase in any time. When the price of an item of the type 1 percent change by assigning other things constant.Elasticity of demand Refers to the percentage change in the quantity of the offer to purchase any time. When the other variable is determined by the offer to purchase, the quantity change of 1 percent which we will study three together.
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