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2 August, 09:40

The price-elasticity of demand coefficient, ed, is measured in terms of

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  1. 2 August, 11:08
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    The price-elasticity of demand coefficient measures the percentage change in demand compared to the percentage change in price. This is on a scale up to 1, with 1 meaning the demand is perfectly elastic and every change in price results in a significant change in demand.
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