Getting your definition wrong in a Physics question is nothing compared to getting your definition of Price Elasticity of Demand wrong during your Econs Paper.
“PED is the responsiveness of price due to the change of quantity demanded.”
As a result, cigarettes, having a PED of -0.5, were price elastic.
ggxx.
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I could always go back to defining terms according to the number of letters they have.
Till the next time, it’s me, woonie, signing off.

