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*definition of elasticity
_ price elasticity of demand and its measurement
*_price elasticity of demand > measured by
*midpoint formula
price elasticity of demand
*elastic demand
*inelastic demand
*unit elastic demand
*perfectly inelastic demand
*perfectly elastic demand
*cross-price elasticity of demand :
the percentage change in quantity demanded of one good(A)
divided by the percentage change in the price of another good(B) ,,,
*CED =
YED=
Es =
*determinants of the price elasticity of supply :
depends on the ability of firms to alter the quantity they
produce as price increases .