Assertion: price elasticity | /r/CapableOf | measure the percentage change
Facets:
value: in quantity
type: OTHER
Source sentences:
text: The price elasticity of demand (PED) measures the percentage change in quantity demanded by consumers as a result of a percentage change in price.
text: The price elasticity of supply measures the percentage change in supply quantity compared to the percentage change in the price, which, in turn, determines the change in total revenue.