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Musya8 [376]
2 years ago
9

The basic formula for the price elasticity of demand coefficient is.

Business
1 answer:
Kitty [74]2 years ago
4 0

Percentage change in quantity demanded/percentage change in price is the basic formula for the price elasticity of demand coefficient.

<h3 /><h3>What is price elasticity?</h3>

Price elasticity is the degree of an individual that person or a consumer can pay to the change in the price of the commodity, it is calculated the price a consumer is willing to pay versus the amount of quantity supplied to the person.

Thus, Percentage change in quantity demanded/percentage change in price

For more details about Price elasticity, click here:

brainly.com/question/13565779

#SPJ1

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Option (D) is correct.

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