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Paul Black's Blog Posts Tagged 'Elasticity' (1)

BEC: Price Elasticity of Demand

Price elasticity of demand is a concept that is tested on the Business Environment and Concepts (BEC) exam and it's one that can be rather tricky. The price elasticity of demand is the measure of how sensitive demand is to a change in price. Like many of the concepts on the BEC CPA exam, it is important to know the formula and how to interpret the results. Let's go ahead and look at the two formulas that you may use to calculate price elasticity of demand.
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Added by Paul Black on June 5, 2012 at 10:30am — No Comments

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