The price elasticity of demand, e, is defined as the:
- percentage change in quantity demanded times the percentage change in price of that good.
- unit change in price divided by the unit change in quantity demanded.
- percentage change in quantity demanded divided by the percentage change in price of that good.
- unit change in quantity demanded times the unit change in price of that good.

The correct answer is "Percentage change in quantity demanded divided by the percentage change in price of that good".

Explanation:

The elasticity of demand is a measure used in economics to show the degree of response of the quantity demanded of a good or service to changes in the price it presents. It grants the percentage change of the quantity demanded about a unitary percentage change in the price, with the other variables considered constant.

The E is a measure of the sensitivity of the quantity demanded of a good or service to changes in its price. Its formula normally produces a negative result due to the inverse nature of the relationship between the price and the quantity demanded.

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where is the graph?

answer; dogs;