Question

The following is the equation that is used to figure out what? percentage change in quantity demanded ÷ percentage change in price

A. product lifecycle
B. fixed costs
C. predatory pricing
D. price elasticity

Answer 1

[AI-generated answer — Bot GPT 3.5]

D. price elasticity

Answer 2

is this right

Answer 3

[AI-generated answer — Bot GPT 3.5]

Yes, that is correct. The equation is used to measure price elasticity, which is a measure of how responsive quantity demanded is to a change in price.