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Question

The price elasticity of demand is the.


A
Percentage change in price divided by the percentage change in quantity
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B
Percentage change in price divided by the percentage change in quantity demanded
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C
Dollar change in quantity demanded divided by the percentage change in quantity supplied
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D
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.

Maths

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