Assertion: elasticity | /r/HasProperty | the percentage change
Facets:
value: in quantity
type: OTHER
value: in q
type: TEMPORAL
value: in quantity demanded
type: OTHER
Source sentences:
text: Elasticity between points A and B was 0.45 and increased to 1.47 between points G and H. Elasticity is the percentage change, which is a different calculation from the slope and has a different meaning.
text: Elasticity of demand = Percentage change in quantity demanded/Percentage change in price
text: Elasticity (price) = % change in quantity
text: That is because elasticity is the percent change in Quantity Demanded divided by the percent change in Price - ie the relative difference in Quantity Demanded with respect to the relative difference in Price.
text: Therefore, the elasticity of demand is the percentage change in the quantity demanded as a result of a percentage change in the price of a product.
text: You can also say:The elasticity of Q with respect to P is the percentage change in Q divided by the corresponding percentage change in P.
text: Remember, elasticity of demand is the percentage change in quantity demanded over the percentage change in price.
text: Elasticity = (percentage change in Z) / (percentage change in Y)
text: elasticity = (percentage change in Z) / (percentage change in Y).