051+Price+Elasticity+of+Demand

The Basics of Supply and Demand: media type="youtube" key="qdOqAWo8vFw" height="229" width="288" align="right" =Price Elasticity of Demand PED What is PED and how we measure it = . media type="youtube" key="MNiEHvw6TTg" width="336" height="251" media type="youtube" key="4oj_lnj6pXA" width="420" height="315"
 * Price elasticity of demand** (**PED** or **Ed**) is a measure used in economics to show the responsiveness, or Elasticity, of the quantity demanded of a good or service to a change in its price. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price (holding constant all the other determinants of demand, such as income).