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Other Papers on :Demand and Elasticity

P/E/308. Price elasticity of demand: case study of petrol

(2006, 2000 words)

The paper examines the responsiveness of a good to a change in its own price known as the Price Elasticity of Demand (PDE). Curves with various PED values are studied; the notion of elasticity is defined; its implications for commodities are discussed focusing on the correlation between the price and demand of petrol.
 
   
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