In this article we will discuss about the methods and formulas used for measuring or calculating the price elasticity of demand with the help of suitable examples. Answer 1. Measuring Price Elasticity of Demand: Elasticity of demand can be measured by the following methods: 1. Proportionate or percentage method 2. Point method 3. Arc method […]
How to Measure the Price Elasticity of Demand: Methods, Formulas and Examples (3 Answers)
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