Topic 6 - Elasticity Of Demand Flashcards
1
Q
What is PED?
A
Price elsasticity of demand is the ratio in the percent in quanitity demanded of a product to the percent in the price
Economics > Topic 6 - Elasticity Of Demand > Flashcards
What is PED?
Price elsasticity of demand is the ratio in the percent in quanitity demanded of a product to the percent in the price