Introduction to Economics 1 Deneme Sınavı Sorusu #726085

How is price elasticity calculated?


As the percentage change in the quantity plus the percentage change in price

As the percentage change in the quantity multiplied by the percentage change in price

As the percentage change in the quantity divided by the percentage change in price

As the percentage change in the quantity minus the percentage change in price

As the percentage change in the quantity and the percentage change in price


Yanıt Açıklaması:

The price elasticity of demand measures the price-sensitivity or responsiveness of consumers. It is calculated as the percentage change in the quantity demanded divided by the percentage change in price. The correct answer is C.

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