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Material Detail

Price Elasticity of Demand Formula and Interpretation

Price Elasticity of Demand Formula and Interpretation

In this first lesson on elasticities we'll learn the definition, formula and interpretations of the price elasticity of demand (PED) coefficient.

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More about this material

Material Type:
Tutorial
Date Added to MERLOT:
July 13, 2021
Date Modified in MERLOT:
July 13, 2021
Author:
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
College General Ed, College Lower Division, College Upper Division
Technical Format:
Video, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
No

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