calculation of price elasticity of demand Flashcards by Ayub Ali-Hassan | Brainscape

Q

PED Formula

DP ( Alphabet)

A

Percentage change in quantity demanded / Percentage change in price

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

% Change formula

A

( New number - old number) / old number

X 100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly