The price elasticity of demand

0 votes
    Measures the sensitivity of quantity demanded to price, and is calculated using the equation (?P/P)/(?Q/Q), or (Q/P)? (?P/?Q).
     Measures the sensitivity of price to quantity demanded, and is calculated using the equation (?P/P)/(?Q/Q), or (Q/P)? (?P/?Q).
     Measures the sensitivity of quantity demanded to price, and is calculated using the equation (?Q/Q)/(?P/P), or (P/Q) ? (?Q/?P).
     Measures the sensitivity of price to income, and is calculated using the equation (?P/P)/(?I/I), or (I/P)?(?P/?I).
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
Measures the sensitivity of quantity demanded to price, and is calculated using the equation (?Q/Q)/(?P/P), or (P/Q) ? (?Q/?P).
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



...