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What is the price elasticity of demand?

What is the price elasticity of demand?

". Lina Gómez Médica, MSc in Epidemiology MBE NeuroEconomix Director. Claudia Hernández RN, MSc (c) Clinical Epidemiology. MBE NeuroEconomix Researcher"

The price elasticity of demand is conceptualized as the percentage change in the quantity demanded of a good and service divided by the percentage change in price.

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