If Price Elasticity Is 3.25 Then

If price elasticity is 3.25 then

A) for every one percent change in price, there will be a 3.25 percent change in quantity demanded.
B) for every one percent change in price, there will be a 3.25 percent change in demand.
C) for every one percent change in price, there will be a 32.5 percent change in quantity demanded.
D) for every one percent change in price, there will be a .0325 percent change in quantity demanded.