ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Elasticity of Demand is defined as:

    A percentage change in quantity demanded/percentage change in price Correct Answer Incorrect Answer
    B percentage change in price/ percentage change in quantity demanded Correct Answer Incorrect Answer
    C change in price / change in quantity demanded Correct Answer Incorrect Answer
    D change in quality / change in price Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next
    More Welfare Economics Questions
    ask-question