# The price elasticity of demand is defined as ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: The price elasticity of demand is defined as ? Correct Answer: C. the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# The price elasticity of demand is defined as ?

Direct Answer & Quick Reference

The correct option is **C. the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good**.

A. the percentage change in the quantity demanded divided by the percentage change in income.

B. the percentage change in income divided by the percentage change in the quantity demanded

C. the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good **(Correct Answer)**

D. none of these answers

✨ Explain with AI

Verified Key: C. the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good
Solved by 5,403+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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