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What is meant by prize elasticity of demand?
Most Upvoted Answer
What is meant by prize elasticity of demand?
Price elasticity of demand.

The percentage change in the quantity of a good demanded by the percentage change in its own price.
Community Answer
What is meant by prize elasticity of demand?
It is the measurement of change in demand with respect to change in price.
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What is meant by prize elasticity of demand?
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