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| 1. |
Define price elasticity of demand . |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :It is the <a href="https://interviewquestions.tuteehub.com/tag/measure-1091857" style="font-weight:bold;" target="_blank" title="Click to know more about MEASURE">MEASURE</a> of <a href="https://interviewquestions.tuteehub.com/tag/responsiveness-1187167" style="font-weight:bold;" target="_blank" title="Click to know more about RESPONSIVENESS">RESPONSIVENESS</a> of <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> for a commodity to change in its price.</body></html> | |