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Determinants of price elasticity

The activities on this page relate to the teacher page: Determinants of price elasticity Add the missing words: Goods and services with a PED value > 1 (ignoring the negative signs) are PED ____________ (i.e a top heavy fraction) as the % change in quantity demanded is _________ than the initial % change in price. Goods and services with a PED value < 1 are ___________ (i.e a bottom heavy fraction) as the % change in...

Tags: what influences price elasticity for a good or service?

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