Question 46Which of the following can be used to calculate the price elasticity of demand?A.\(\frac{\text{percentage change in quality demand}}{\text{percentage change in price}}\)B.\(\frac{\text{percentage change in price}}{\text{percentage change inquantity demand}}\)C.\(\frac{\text{percentage change in quality demand}}{\text{percentage change in income}}\)D.\(\frac{\text{percentage change in income}}{\text{percentage change in quantity demand}}\)Objective Show full explanation