The following is the equation that is used to figure out what? percentage change in quantity demanded ÷ percentage change in price
A. product lifecycle
B. fixed costs
C. predatory pricing
D. price elasticity
3 answers
D. price elasticity
is this right
Yes, that is correct. The equation is used to measure price elasticity, which is a measure of how responsive quantity demanded is to a change in price.
1 answer