Which of the following represents the price elasticity of demand?
B) ( ) + ( )
C) ( ) × ( )
D) ( ) - ( )

Name: Which of the following represents the price elasticity of demand? B) ( ) + ( ) C) ( ) × ( ) D) ( ) - ( )
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Question

Which of the following represents the price elasticity of demand?
B) ( ) + ( ) 
C) ( ) × ( ) 
D) ( ) - ( )

Quizplus · Accepted Answer

Price elasticity of demand is measured as the percentage change in quantity demanded divided by the percentage change in price. Option C has two values multiplied together which represents a ratio, similar to how price elasticity of demand is calculated.

Which of the Following Represents the Price Elasticity of Demand