Price elasticity of demand is calculated by dividing the _____ by the _____.
A)percent change in price; percent change in quantity demanded
B)percent change in price; percent change in quantity supplied
C)percent change in quantity demanded; percent change in income
D)percent change in quantity demanded; percent change in price

Question

Quizplus · Accepted Answer

Price elasticity of demand is calculated by dividing the percent change in quantity demanded by the percent change in price.

Price Elasticity of Demand Is Calculated by Dividing the _____