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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
The price elasticity of demand is measured as
A) the ratio of the typical consumer's quantity demanded to the entire quantity demanded in the market.
B) the percentage change in quantity demanded divided by the percentage change in price.
C) the number of purchases divided by the price of the product.
D) price divided by quantity.
E) quantity divided by price.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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