Price Elasticity of Demand = One percent increase in the price of the ith good, p , brings about what percentage change in the household's demand for
Price Elasticity of Demand is equivalent to a one percent increase in the price of the good.  
mnli hypothesis: Price Elasticity of Demand is equivalent to a one percent increase in the price of the good.   premise: Price Elasticity of Demand = One percent increase in the price of the ith good, p , brings about what percentage change in the household's demand for