Assertion: elasticity | /r/DefinedAs | the percentage change
Facets:
value: in the quantity
type: OTHER
value: in demand
type: OTHER
value: according to this formula
type: OTHER
Source sentences:
text: The elasticity is represented in numerical form, and is defined as the percentage change in the quantity supplied divided by the percentage change in price.
text: According to this formula, the elasticity of demand can be defined as a percentage change in demand as a result of the percentage change in price.
text: The elasticity is represented in numerical form, and is defined as the percentage change in the quantity supplied divided by the percentage change in price.