What is the definition of price elasticity of demand? A. the slope of the demand curve B. the percentage change in quantity demanded divided by the percentage change in price C. the percentage change in price divided by the percentage change in quantity demanded D. the slope of the demand curve divided by the priceReset Selection
Question
What is the definition of price elasticity of demand? A. the slope of the demand curve B. the percentage change in quantity demanded divided by the percentage change in price C. the percentage change in price divided by the percentage change in quantity demanded D. the slope of the demand curve divided by the priceReset Selection
Solution
Para responder a la pregunta, sigamos los siguientes pasos:
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Entender el concepto: La elasticidad precio de la demanda mide cómo la cantidad demandada de un bien responde a un cambio en su precio.
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Analizar las opciones:
- A. la pendiente de la curva de demanda: La pendiente de la curva de demanda muestra la relación entre el precio y la cantidad demandada, pero no es una medida de elasticidad.
- B. el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio: Esta opción describe cómo se calcula la elasticidad precio de la demanda.
- C. el cambio porcentual en el precio dividido por el cambio porcentual en la cantidad demandada: Esta opción es incorrecta porque invierte la relación correcta.
- D. la pendiente de la curva de demanda dividida por el precio: Esta opción no es una definición correcta de elasticidad precio de la demanda.
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Conclusión: La opción correcta es la B, ya que la elasticidad precio de la demanda se define como el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio.
Por lo tanto, la respuesta correcta es B.
Similar Questions
The price elasticity of demand is a measure of: Group of answer choices 1.the change in price of a good that results from a change in its quantity demanded. 2.the responsiveness of the quantity demanded of a good to a change in its price. 3.the demand for a good. 4.how consumers respond to excess demand.
What is price elasticity of demand?Multiple ChoiceThe responsiveness of price to a change in the quantity demanded.The responsiveness of quantity demanded to a change in price.Price divided by quantity demanded.Price multiplied by quantity demanded.
What is the purpose of price elasticity of demand?Select one:a.To measure customers' willingness to pay for a productb.To determine the optimal pricing strategy for a productc.To assess the impact of changes in price on demandd.To analyze competitors' pricing strategiesClear my choice
1 / 1 ptsThe percentage change in the quantity demanded in response to a percentage change in the price is known as the slope of the demand curve. excess demand.Correct! price elasticity of demand. All of the above.
Demand is said to be unit elastic ifa.quantity demanded changes by the same percent as the price.b.quantity demanded changes by a larger percent than the price.c.the demand curve shifts by the same percentage amount as the price.d.quantity demanded does not respond to a change in price.
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