Price elasticity of demand and slope of demand curve are the two same – InterviewSolution

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1.	Price elasticity of demand and slope of demand curve are the two same terms? explain
Answer» The elasticity of demand is the same as the slope of the demand curve. ... Elasticity of demand is the PERCENTAGE CHANGE in QUANTITY demanded for a given percentage change in the price of the product. The slope of the demand curve is the change in price for a given change in quantity demanded, measured in units of OUTPUT.

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