Question

price elasticity of demand formula​

Answer 1

Answer:

price elasticitu of demand(PED)=%del in Qd/%del in P.

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Answer 2

The basic formula of price elasticity of demand is the percentage change in quantity demanded of a product or service divided by the percentage change in price of that product or service.

Explanation:

In Microeconomics,price elasticity of demand is basically calculated by dividing the percentage change in quantity demanded of any particular good and the percentage change in its price.The former is in the numerator of the fraction and the latter is the numerator.Price elasticity of demand can customarily denoted in decimal or percentage form.