The price elasticity of demand is the.

Percentage change in price divided by the percentage change in quantity

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Percentage change in price divided by the percentage change in quantity demanded

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Dollar change in quantity demanded divided by the percentage change in quantity supplied

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A percentage change in quantity demanded divided by the percentage change in price

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Solution

The correct option is D A percentage change in quantity demanded divided by the percentage change in price
The price elasticity of demand is defined as the percentage change in the quantity demanded to the percentage change in its price.
Hence, the correct option is D.

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Similar questions

Q. When percentage change in quantity demanded is equal to the percentage change in price, the elasticity of demand is __________.

Q. When percentage change in quantity equals percentage change in price, magnitude of elasticity of demand is equal to .

Elasticity of demand, measured by comparing the ratio of percentage change in the quantity demanded to the percentage change in the price of a commodity, is known as

Q. According to percentage method or arithmetic method of elasticity of demand, If percentage change in quantity demanded is less than percentage change in price, the elasticity is said to be ________________.

Q. When the price of

X

doubles, its quantity demanded falls by

60

per cent. Calculate its price elasticity of demand. What should be the percentage change in price so that its quantity demanded doubles?

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The price elasticity of demand is the.

The correct option is D A percentage change in quantity demanded divided by the percentage change in priceThe price elasticity of demand is defined as the percentage change in the quantity demanded to the percentage change in its price. Hence, the correct option is D.

The correct option is D A percentage change in quantity demanded divided by the percentage change in price
The price elasticity of demand is defined as the percentage change in the quantity demanded to the percentage change in its price.
Hence, the correct option is D.