alleryMatch formula parts: 1. Top: p. Qty percent 2. Base: q. Pct price 3. Ed: r. Ratio coeff
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
In percentage elasticity calculations, the percentage change in quantity is divided by the percentage change in price.
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