Ask Question
9 November, 16:37

The percentage change in the quantity demanded of a good due to a percentage change in its price is referred to as the:

+2
Answers (1)
  1. 9 November, 17:32
    0
    Price elasticity of demand.

    The price elasticity of demand measures how much the change in quantity demanded of a good is affected by the change in its price, all using percentage change to keep it relative to the initial cost of a good sold.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The percentage change in the quantity demanded of a good due to a percentage change in its price is referred to as the: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers