Student or Learner
can you help me to read this formula
price elasticity = %change in quantity demanded/ %change in price
By the way, am I right when I used the word "formula"
if you give me a link that teach how to read different formulas it will be great
thanks in advance
Price Elasticity of Demand is regarded as a formula.
You read it as:
The Price Elasticity of Demand is equal to the percentage change in quantity demanded, divided by the percentage change in price.