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Infinitez Infinitez
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2 years ago

The formula for the price elasticity of demand for a commodity can be written as which of the following?



▸

(change in price/change in quantity demanded)



▸

(change in quantity demanded/change in price)



▸

(percentage change in one price/percentage change in the other price)



▸

(percentage change in price/percentage change in quantity demanded)



▸

(percentage change in quantity demanded/percentage change in price)

Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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marlboromanmarlboroman
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2 years ago
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