Assertion: price elasticity | /r/HasProperty | equal
Facets:
value: to the percentage in the quantity
type: OTHER
value: throughout its range
type: OTHER
value: to −0.50
type: OTHER
value: in panel
type: OTHER
value: to one
type: OTHER
value: in other words
type: OTHER
value: to numerically
type: OTHER
value: to 0.5
type: OTHER
value: as an example
type: OTHER
value: mathematically
type: DEGREE
value: to the reciprocal
type: OTHER
value: all times
type: TEMPORAL
Source sentences:
text: Simple arithmetic then tells us that price elasticity of demand is equal to the absolute change in quantity demanded divided by the absolute change in price, all times the ratio of price to quantity.
text: The first term in that expression is just the reciprocal of the slope of the demand curve, so the price elasticity of demand is equal to the reciprocal of the slope of the demand curve times the ratio of price to quantity.
text: Mathematically, price elasticity of demand is equal to the percent change in the quantity demanded of a good or service divided by the percent change in the price of the good or service that generated the change in quantity demanded.
text: Price Elasticity of Demand is equal to the percentage in the quantity demanded times the percentage change of the price.
text: As an example, if a 2% increase in price resulted in a 1% decrease in quantity demanded, the price elasticity of demand would be equal to approximately 0.5.
text: In other words, the price elasticity of demand is equal to Numerically,
text: when percentage change in quantity demanded is equal to the percentage change in price then price elasticity will be equal to one and in this case demand is said to be unit elastic.
text: The demand curve in Panel (c) has price elasticity of demand equal to −1.00 throughout its range; in Panel (d) the price elasticity of demand is equal to −0.50 throughout its range.