Ask Question
10 February, 16:40

The Formula to determine elasticity is?

+5
Answers (1)
  1. 10 February, 20:07
    0
    Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded-or supplied-divided by the percentage change in price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The Formula to determine elasticity is? ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers