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प्रश्न
What is meant by price elasticity of demand?
Define price elasticity of demand.
Define elasticity of demand.
What is price elasticity of demand?
परिभाषा
लघु उत्तरीय
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उत्तर १
Price elasticity of demand refers to the responsiveness or sensitivity of demand to changes in the price of a commodity while other factors stay constant. Alfred Marshall introduced this concept. Alfred Marshall: "Elasticity of demand may be defined as the percentage change in quantity demanded to the percentage change in price.
`"P"_"(Ed)" = "Proportionate change in demand"/"Proportionate change in price"`
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उत्तर २
Price elasticity of demand measures the degree of responsiveness of the quantity demanded of a commodity to a change in its price.
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क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Elasticity of Demand - TEST YOURSELF QUESTIONS [पृष्ठ ७४]
