​Which of the following is calculated as the percentage change in the demand for the goods divided by the percentage change in the price for the goods?​

Correct option is A

The correct answer is (A) Elasticity of Demand.

• The quantity change in percentage terms divided by the price change in percentage terms is used to compute the price elasticity of demand.
• As a result, the demand is inelastic between these two positions, as indicated by the value of the elasticity of demand, which is 6.9% 15.4%, or 0.45, which is less than one.
• Additional Information:
• Price elasticity of demand measures how much a product's consumption changes in response to price changes.
• If a good's price elasticity is infinite, it is perfectly elastic (if demand changes substantially even with minimal price change).
• The good is elastic if price elasticity is more than 1, and inelastic if it is less than 1.
• A good is completely inelastic if its price elasticity is zero, meaning that no amount of price variation will alter demand.
• Price elasticity is referred to as unitary elasticity if it is exactly 1 (price change causes an equal proportion change in demand).