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27 April, 14:57

What is the formula for the price elasticity of demand? the formula for the price elasticity of demand is

a. the percentage change in quantity demanded divided by the percentage change in price.

b. the percentage change in price divided by the percentage change in quantity demanded.

c. the percentage change in quantity supplied divided by the percentage change in quantity demanded.

d. the change in price divided by the change in quantity demanded.

e. the change in quantity demanded divided by the price?

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Answers (1)
  1. 27 April, 17:57
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    The answer should be b
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