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Study Notes

Explaining Price Elasticity of Demand

Level:
GCSE, AS, A-Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 1 Jul 2018

Price elasticity of demand measures the responsiveness of demand after a change in a product's own price.

Price elasticity of demand - key factors

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