What Is the Formula for the Price Elasticity of Demand

question 167

Multiple Choice

What is the formula for the price elasticity of demand? The percentage change in the

• A) quantity demanded divided by the percentage change in the price of a substitute or complement.
• B) quantity supplied divided by the percentage change in price.
• C) quantity demanded divided by the percentage change in price.
• D) quantity demanded divided by the percentage change in income.
• E) equilibrium quantity demanded divided by the equilibrium price.

---

Definitions:

Eligible To Vote

Having the legal right to participate in the electoral process, typically based on criteria like age, citizenship, and absence of legal incapacitation.

Adult White Men

Historically, this group held the majority of rights and privileges in many societies, including voting and land ownership, while other groups were often marginalized.

United States

A country in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Women

Female human beings, noting their social, cultural, and biological distinctions and roles from men.