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Which method can be used to measure price elasticity of demand?
  • a)
    Total Expenditure Method
  • b)
    Demand Supply Method
  • c)
    Average Cost Method
  • d)
    Market Analysis Method
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which method can be used to measure price elasticity of demand?a) Tota...
The Total Expenditure Method is one of the three primary methods used to measure price elasticity of demand. It analyzes how total expenditure changes with price variations, providing insights into consumer behavior related to price changes.
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