EmilieCasey396 EmilieCasey396

20-02-2019
Business

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

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MrCreighton MrCreighton

20-02-2019

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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