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Price Elasticity of Demand (E)is Expressed as (∆ Means Change)

Question 146

Multiple Choice

Price elasticity of demand (E) is expressed as (∆ means change)


A) E = Percentage change in price (%∆ in P) ÷ Percentage change in quantity demanded (%∆ in Q) .
B) E = Price (P) ÷ Quantity demanded (Q) .
C) E = Percentage change in quantity demanded (%∆ in Q) ÷ Percentage change in price (%∆ in P) .
D) E = Quantity demanded (Q) ÷ Price (P) .
E) E = Quantity demanded (Q) × Price (P) .

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