3 years ago

The Supreme Court should not legislate from the bench

Social Studies

1 answer:

Artyom0805 [142]3 years ago

7 0

Is this a true or false question? please be more specific with your question.

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Price elasticity of demand is defined as: Group of answer choices the slope of the demand curve. the slope of the demand curve d

dalvyx [7]

Answer:

<h3>the percentage change in quantity demanded divided by the percentage change in price.</h3>

Explanation:

The basic feature of price elasticity of demand is to indicate that elasticity of demand of a good or a service change according to the change in the price of the good or the service.
The price elasticity of demand measures the consumers' behavior of quantity demanded to a change in price. It is the percentage change in quantity demanded divided by the percentage change in price.

Symbolically, it can be written as:

Elasticity of demand= $\frac{Percentage change in quantity demanded}{Percentage change in price}$

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It is Sucre. Hope this helps!

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