Elasticity of Demand Equals the Ratio of the Percentage Change

question 48

True/False

Elasticity of demand equals the ratio of the percentage change in the quantity demanded to the percentage change in the price of the good.

---

Definitions:

Special Symbol

A character or set of characters used to perform a specific function or represent a specific operation in programming languages.

Insertion Point

The specific location in a data structure or document where new data will be entered or added.

Modulus Operator

An operator used in programming to find the remainder of the division of one number by another.

Expression

A combination of variables, operators, and values that produces a result or value when evaluated.