Economy, asked by bdev28004, 9 months ago

tell the correct method to calculate price elasticity of demand

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Answered by Allien52

Answer:

The price elasticity of demand is calculated as the percentage change in quantity demanded (110 - 100 / 100 = 10%) divided by a percentage change in price . The price elasticity of demand, in this case, is 0.4. Since the result is less than 1, it is inelastic

Answered by xKALESHIxCHORAx

Answer:

$\huge\rm\underline\purple{Answer:-}$

The price elasticity of demand is calculated as the percentage change in quantity divided by the percentage change in price.

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