A liquid ejecting apparatus includes an ejecting unit that includes a piezoelectric element which is displaced by a drive signal; a differential amplifier that outputs a control signal based on a source drive signal which is a source signal of the drive signal and a signal based on the drive signal; a pair of transistors that include a high-side transistor and a low-side transistor which are controlled based on the control signal and outputs the drive signal from an output terminal; a selector that selects one of the high-side transistor and the low-side transistor and supplies the control signal to the selected transistor; a first resistance element for pulling up the output terminal; and a second resistance element for pulling down the output terminal. The first resistance element or the second resistance element has a variable resistance value.