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microeconomics - own price elasticity

label Economics
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How do I calculate own price elasticity of demand when given % increase in price and % increase in revenue?

Oct 18th, 2017

Formula to calculate Own Price Elasticity of Demand is given below

Own Price Elasticity of Demand = (%Change in Quantity Demanded) / (%Change in Price)

Jul 18th, 2014

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Oct 18th, 2017
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