Assertion: price elasticity | /r/CapableOf | demand / percentage change
Facets:
value: in price
type: OTHER
Source sentences:
text: Price elasticity of demand = Percentage change in quantity demanded / percentage change in price = ΔQ/Q / ΔP/P
text: The price elasticity of demand is the ratio of the percentage change in quantity demanded to the percentage change in price, which in this case is 30% / 20% = 1.5.
text: Price elasticity of demand = Percentage change in quantity demanded / percentage change in price = ΔQ/Q / ΔP/P