Price Elasticity of Demand Is

question 25

Multiple Choice

Price elasticity of demand is

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

---

Definitions:

Duty To Mitigate

The legal obligation to make reasonable efforts to minimize the damage caused by a breach of contract or other wrongful act.

Damages

Compensation sought or awarded in a legal process for loss or injury that has been suffered by an individual or entity.

Sublessee

An individual or entity that rents or leases property from a lessee rather than directly from the original owner.

Routine Care

Basic or regular maintenance or treatment that is provided for the normal and everyday healthcare needs.