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Difference between elasticity of demand and supply?

Difference between elasticity of demand and supply?

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Difference between elasticity of demand and supply?

Difference between elasticity of demand and supply?

Answer

The price elasticity of demand is measured as the percentage change in quantity demanded divided by the percentage change in price, and the price elasticity of supply is measured as the percentage change in quantity supplied divided by the percentage change in price.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 14 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 125 views.

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