Question

What is percentage method in price elasticity ? Write correct answer in your own words

Answer 1

Answer:

1/100.........................

Answer 2

Answer:

Percentage Method Of Price

Elasticity :-

Percentage Method is also called as Proportionate Method.

In this method, Price Elasticity of demand is measured by the ratio of percentage change in the quantity demanded to a percentage change in the price of the commodity.

$ep \: = \: \frac{\% \: change \: in \: quantity \: demanded}{\% \: change \: in \: price} \:$

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