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redfox51Lv1
11 Dec 2019
The concept of price elasticity of demand measures:
1.the slope of the demand curve.
2. the number of buyers in a market.
3. the extent to which the demand curve shifts as the result of a price decline.
4. the sensitiveness of quantities demanded to price changes.
The concept of price elasticity of demand measures:
1.the slope of the demand curve.
2. the number of buyers in a market.
3. the extent to which the demand curve shifts as the result of a price decline.
4. the sensitiveness of quantities demanded to price changes.
Sonal BahlLv10
6 Oct 2020