Price elasticity of demand
Price elasticity of demand
It is a measure in economics to show the responsiveness of the quantity demanded of a good or service to a change in its price.
PED = % change in quantity demanded
% change in price
Price elasticity of demand
It is a measure in economics to show the responsiveness of the quantity demanded of a good or service to a change in its price.
PED = % change in quantity demanded
% change in price
