Saved Bookmarks
| 1. |
② Whatthe method of clasticity of demand |
|
Answer» Answer: The Percentage METHOD:The price elasticity of DEMAND is measured by its coefficient (EP). This coefficient (Ep) measures the percentage change in the QUANTITY of a commodity demanded resulting from a given percentage change in its price. Where Q refers to quantity demanded, p to price and Δ to change. |
|