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1 vote
What formula is used to determine the percentage change in quantity demanded

User Houdmont
by
9.0k points

2 Answers

4 votes

Explanation:

always find the quantity of 100%.

then

1% = 100%/100

then calculate the absolute quantity change.

then divide the quantity change by 1% to see how many % fit into it.

and that is your answer.

so, if the original quantity is q1, the new quantity is q2, then the % of quantity change is

|q1 - q2| / (q1/100)

or

100 × |q1 - q2| / q1

where || means the absolute value.

User Kernel
by
7.1k points
2 votes

Answer:

slope

Explanation:

User Asanka Siriwardena
by
7.9k points