Assertion: price elasticity | /r/DefinedAs | the percentage change
Facets:
value: in quantity
type: OTHER
value: in quantity of labor
type: OTHER
Source sentences:
text: The price elasticity in demand is defined as the percentage change in quantity demanded divided by the percentage change in price.
text: Since in this case price elasticity of demand is defined as the percent change in quantity of labor demanded divided by the percent change in the price of labor, (1 + EDΔ%P) equals the percentage of the original demand for labor that remains after the wage increase.
text: The price elasticity in demand is defined as the percentage change in quantity demanded divided by the percentage change in price.