Question

Which of the following is the correct definition of price elasticity of demand?
a)The percentage change in the quantity demanded divide by the percentage in income.
b) The percentage change in price of a good divided by the percentage change in the quantity demanded of the good.
c) The percentage change in income divided by the percentage change in the quantity demanded.
d)the percentage change in the quantity demanded of a good divided by the change in the price of that good.​

Answer 1

Answer:

D is the correct defination of Price elasticity of demand.

Explanation:

okay

Answer 2

Answer:

D

Explanation:

Maybe D, I am not sure about it.