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| 1. |
Explain the price elasticity of demand. |
| Answer» <html><body><p></p>Solution :Price <a href="https://interviewquestions.tuteehub.com/tag/elasticity-14238" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTICITY">ELASTICITY</a> of demand is a measure of <a href="https://interviewquestions.tuteehub.com/tag/degree-47" style="font-weight:bold;" target="_blank" title="Click to know more about DEGREE">DEGREE</a> of responsiveness of demand as a <a href="https://interviewquestions.tuteehub.com/tag/result-1187343" style="font-weight:bold;" target="_blank" title="Click to know more about RESULT">RESULT</a> of change in price of the <a href="https://interviewquestions.tuteehub.com/tag/commodity-923558" style="font-weight:bold;" target="_blank" title="Click to know more about COMMODITY">COMMODITY</a>.</body></html> | |