1 What Is The Price Elasticity Of Demand 2 The Price Of A Good Falls By 10 Per Cent 2625106

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1. What is the price elasticity of demand?

2. The price of a good falls by 10 per cent but the quantity demanded increases from 100 to 120 units. Calculate the price elasticity of demand.

3. List four factors that influence elasticity.

 

 
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