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Hi Guest!! What's on your mind?
What is price elasticity of demand?

Goo afternoon, 

please can Anyone explain to the mean And the concept of price elasticity of demand or demand in whole. 

Thanks in antispation. 
0 0 1

Answered: Edward Obute 1 month ago

Demand in general means the quest or want for goods and services, therefore price elasticity of demand state that or means as the price for a commodity increases the the for that commodity decrease and vice versa. 

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