what is the mathematical definition of price, Microeconomics

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what is the mathematical definition of price

What is the mathematical definition of price elasticity of demand

The price elasticity of demand is the percentage alters in quantity demanded divided by the percentage change in price. The price elasticity of supply is the percentage alter in quantity supplied splited by the percentage change in price.

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Microeconomics: what is the mathematical definition of price

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Microeconomics: what is the mathematical definition of price

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