Question

define ratio method of measuring price elasticity of demand ​

Answer 1

Answer:

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Explanation:

The Ratio method of measuring elasticity of demand is also known as Arithmetic or Percentage method also. In this method we consider percentage change in quantity demanded and divide it by percentage change in the price of the commodity.

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Answer 2

A\Q

define ratio method of measuring price elasticity of demand...

The Ratio method of measuring elasticity of demand is also known as Arithmetic or Percentage method also. In this method we consider percentage change in quantity demanded and divide it by percentage change in the price of the commodity.