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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #726085
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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