The Great Upheaval. A Spontaneous Eruption. It started with a 10% pay cut. When leaders of the Baltimore and Ohio Railroad Company ordered this second reduction in less than eight months, railroad workers in Martinsburg, West Virginia decided they had had enough.
(1) The Percentage Method: The price elasticity of demand is measured by its coefficient E p. This coefficient E p measures the percentage change in the quantity of a commodity demanded resulting from a given percentage change in its price: Thus. Where q refers to quantity demanded, p to price and â to change. If E p p p = 1 demand is unitary elastic.
The price elasticity of demand coefficient measures:? a. buyer responsiveness to price changes. b. the extent to which a demand curve shifts as incomes change. c. the slope of the demand curve. d. how far business executives can stretch their fixed costs. Source(s): price elasticity demand coefficient measures: https://trimurl.im/a84/the-price-elasticity-of-demand-coefficient-measures.