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Elasticities of demand and supply

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Marvin Morales
Marvin Morales
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Price Elasticity of demand A measure of the extent to which the quantity demanded of a good changes when the price of the good changes. To determine the price elasticity of demand, we compare the percentage change in the quantity demanded with the percentage change in price.
THE PRICE ELASTICITY OF DEMAND :
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THE PRICE ELASTICITY OF SUPPLY
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CROSS ELASTICITY AND INCOME ELASTICITY
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Elasticities of demand and supply