AP Microeconomics: Elasticity : What is price elasticity of demand?

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AP Microeconomics: Elasticity

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to review the concept of elasticity in preparation for the AP Microeconomics exam

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Taylor Cleland | Add as Friend

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Free Flashcard From AP Microeconomics: Elasticity

Question: What is price elasticity of demand?

Answer: a measure of change in quantity demanded as it relates to the change in price