Written at 9 April, 2016 12:55:00 PM by Suthar Sawaram
    • Price elasticity, or price elasticity of demand (PED), is an economic quantification that measures the responsiveness, or elasticity, of the demand of a product or service relative to a price change. In other words, when prices change, consumer demand changes and price elasticity is a way to quantify and measure that change.
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