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Alexus [3.1K]
3 years ago
6

The price-elasticity of demand coefficient, ed, is measured in terms of

Business
1 answer:
Tamiku [17]3 years ago
6 0

The price-elasticity of demand coefficient measures the percentage change in demand compared to the percentage change in price. This is on a scale up to 1, with 1 meaning the demand is perfectly elastic and every change in price results in a significant change in demand.

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