Assertion: price elasticity | /r/HasProperty | the ratio
Facets:
value: simply
type: DEGREE
Source sentences:
text: The price elasticity of demand is the ratio between the percentage change in the quantity demanded (Qd) and the corresponding percent change in price:
text: That is, price elasticity is not measured in dollars or %, it is simply a ratio.
text: Price elasticity is the ratio between the percentage change in the quantity demanded (Qd) or supplied (Qs) and the corresponding percent change in price.