DEMAND ELASTICITY - Luiscabral.net
DEMAND ELASTICITY - Luiscabral.net
DEMAND ELASTICITY - Luiscabral.net
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Demand elasticity: definitionɛ≡d qqd pp= d qd ppq = d log qd log p≈∆ qq∆ pp= % ∆ quantity% ∆ price≈∆ log quantity∆ log price