Difference between revisions of "Price Elasticity of Demand"
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(New page: 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 pri...) |
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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]] | ||
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| + | == See also == | ||
| + | |||
| + | [[Elastic Demand]] | ||
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| + | [[Inelastic Demand]] | ||
Latest revision as of 17:49, July 13, 2016
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.