2 years ago

TheUnheardCry..... This is for you ^v^

Social Studies

1 answer:

sashaice [31]2 years ago

6 0

that's cool i guess lolz..

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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]

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

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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.