Multiple Choice
Price elasticity of demand is defined as
A) the percentage change in price divided by the percentage change in quantity demanded
B) the percentage change in quantity demanded divided by the percentage change in price
C) the change in quantity demanded divided by the change in price
D) the change in price divided by the change in quantity demanded
E) the quantity demanded divided by the price
Correct Answer:
Verified
Correct Answer:
Verified
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