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What is the formula for calculating
Price Elasticity of Demand (PED)
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PED=%ΔQd%ΔP PED = \frac{\%\Delta Q_d}{\%\Delta P}
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1.3.2 Price, income and cross elasticities of demand Flashcards
A Level
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Economics
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1.3.2 Price, income and cross elasticities of demand