Please help with the answer to this question.
Elasticity can be defined as percentage change in demand for a 1% change in decision attribute. For linear aggregate demand, what is the mathematical representation/formula for this statement? You must define the parameters you choose to use for this answer. ____© BrainMass Inc. brainmass.com July 22, 2018, 12:06 pm ad1c9bdddf
Solution gives the formula for calculating price elasticity of demand.