Question

The coefficient of price elasticity of demand at a particular point on a demand curve.

Select one:
a. Arc elasticity of demand
b. Point elasticity of demand
c. cross elasticity of demand
d. Coefficient of Price elasticity of demand
Clear my choice

Answer 1

Answer:

The PED is the percentage change in quantity demanded in response to a one percent change in price. ... Demand for a good is relatively elastic if the PED coefficient is greater than one (in absolute value). Demand for a good is unit elastic when the PED coefficient is equal to one.

Explanation:

so your answer is (d)

Answer 2

Answer:

(a.)  arc elasticity of demand