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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.
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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.
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[[category:economics]]
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[[Category:Economics]]
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== See also ==
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[[Elastic Demand]]
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[[Inelastic Demand]]
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