Percentage change is calculated as A: the change in quantity divided by the quantity. B: the...
Percentage change is calculated as
A: the change in quantity divided by the quantity.
B: the change in elasticity divided by the quantity.
Homework Answers
Percentage change is calculated as follows -
Calculating the percentage change in quantity -
Percentage change in quantity = [Change in quantity/Initial quantity] * 100
Calculating the percentage change in price -
Percentage change in price = [Change in price/Initial price] * 100
So,
Percentage change is calculated as the change in quantity divided by the quantity.
Hence, the correct answer is the option (A).
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