Price Elasticity of Demand
Subject: Economics | Topics:

Price Elasticity of Demand is a measure of their bond between a change from the quantity demanded of a particular good and a change in it’s price. Price elasticity of demand is a term in economics typically used when talking over price sensitivity. The actual formula for establishing price elasticity of demand is: Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price.

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