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RUDIKE [14]
3 years ago
6

If the quantity demanded of a good does not change much when the price changes the good is relatively

History
1 answer:
gtnhenbr [62]3 years ago
7 0
Price elasticity of demand is a concept which doesn't seem to be worth too much,... like: ' cigarettes sales aren't very affected by price changes because they're... you can use elasticity to figure out if raising or lowering the price is a good idea... it means changing the price will result in a huge change in quantity demanded. how is that answer.?
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