How Do Economists Compute the Price Elasticity of Demand

question 189

Multiple Choice

How do economists compute the price elasticity of demand

• A)the percentage change in the price divided by the percentage change in quantity demanded
• B)the percentage change in income divided by the percentage change in the quantity demanded
• C)the percentage change in the quantity demanded divided by the percentage change in price
• D)the percentage change in the quantity demanded divided by the percentage change in income

---

Definitions:

Retaliation

A form of response aimed at returning harm for harm; often used in contexts of conflict or competition, whether personal, legal, or military.

Antisocial Behavior

Behaviors that damage or disregard the welfare of others, frequently breaking societal norms and regulations.

Deliberately

Done consciously and intentionally; often implying careful thought or planning.

Prosocial

Behaviors that are intended to help or benefit others, including acts of kindness, sharing, and cooperating.