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plicati 3.1: ( verti S(x)= (P3 case (2) E>1 [PC (D(P))] 1 Z PC (P) EL ε = 1 1PC (D(P)) != PC (P) Sentence: If price goes
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plicati 3.1: ( verti S(x)= (P3 case (2) E>1 [PC (D(P))] 1 Z PC (P) EL ε = 1 1PC (D(P)) != PC (P) Sentence: If price goes
plicati 3.1: ( verti S(x)= (P3 case (2) E>1 [PC (D(P))] 1 Z PC (P) EL ε = 1 1PC (D(P)) != PC (P) Sentence: If price goes up by II 1 then, then percent decrease in number of units is approximately Greater in magnitude. -iel ↑ demand inelastic demand is unit Elastic do athome
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