Elasticity of demand is defined as the ratio of the percentage change in demand to the percentage change in a determinant of demand, such as price. There are three main types of elasticity: price elasticity measures the responsiveness of demand to changes in price; income elasticity measures responsiveness to changes in consumer income; and cross elasticity measures responsiveness of the demand for one good to changes in the price of another good. Price elasticity can be classified as perfectly elastic, perfectly inelastic, unitary, more elastic, or less elastic depending on the degree of change in quantity demanded relative to a change in price.