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'''Price Elasticity of Demand''' is the responsiveness of a good to changes in price. More specifically, it is the percentage change in quantity demanded divided by the percentage change in price: %∆Q/%∆P.
'''Price Elasticity of Demand''' is the responsiveness of a good to changes in price. More specifically, it is the percentage change in quantity demanded divided by the percentage change in price: %∆Q/%∆P.
[[category:economics]]
[[Category:Economics]]
== See Also ==
== See also ==
[[Elastic Demand]]
[[Elastic Demand]]
[[Inelastic Demand]]
[[Inelastic Demand]]