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True or false? Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.

True or false? Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.
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True or false?

Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.

User Hjord
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1 Answer

5 votes
true because all supply and demand fluctuate. as price increases so does demand. when demand drops so will price
User Rick Ahlander
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