Price elasticity of demand and price elasticity of supply

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σε πρόσθεσε στο Financial Services

2023-04-11 18:43:15 -

Key points Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price. Elasticity can be described as elastic—or very responsive—unit elastic,...

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