price elasticity if demand is not Price elasticity of deman

Price elasticity of demand is not O A. a measure of the responsiveness of the quantity demanded of a good to a change in its price, when all other influences on buyers\' plans remain the same O B. a measure that sellers find usetu O C. equal to the percentage change in quantiy demanded divided by the percentage change in price O D. equal to the slope of the demand curve Click to select your an 6 8

Solution

Ans) d is the correct option. Equal to the slope of the demand curve. Price elasticity of demand is the percentage change in quantity demanded divided by percentage change in price. Price elasticity = slope * price /quantity