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. | ||
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Revision as of 09:16, April 27, 2007
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.