PED

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  • Created by: Lottie
  • Created on: 01-12-11 13:50

Price Elasticity of Demand

  • quantity demanded affected by changes in the price
  • elasticity measures how much the demand will be affected by change in price
  • Percent change in demand/ percent change in price
  • REMEMBER with Display Picture= D/P
  • Elasticities are negative but this is not always shown

Elastic

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Gabby Tracey

cheers

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