Patrick Robinson
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    Understanding price elasticity and how it relates to Global Mobility

    Jun 12, 2020 @ 07:34 AM / by Patrick Robinson


    Price elasticity can be defined as a measurement of the change in demand when the price of a good changes. While this number can range from 0 to infinity, it is most commonly thought of as 0 to -1 and referred to in absolute value (positive values only) terms.

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