Plzz answer this question.

Dear student, Price elasticity of demand measures the degree of responsiveness of demand for a commodity with reference to change in the price of such commodity. Ed = ∆Q∆P×PQ On the other hand, the Slope of demand curve is the ratio of change in price and change in quantity. Slope of demand curve = ∆P∆Q At first glance, we can see that the slope of demand curve and price elasticity of demand are opposite to each other.They are not same terms. Regards.

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