Price Elasticity ·
How much quantity moves when price moves
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.com · PED · %ΔQ ÷ %ΔP · revenue curve
Price
—
Revenue
—
State
—
Demand curve (P × Q)
Revenue rectangle = P × Q
Inelastic zone (|PED| < 1)
Elastic zone (|PED| > 1)
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.com · Price Elasticity