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Price Elasticity of Demand Is Calculated as

Question 124

Multiple Choice

Price elasticity of demand is calculated as


A) the percentage change in quantity demanded divided by the percentage change in price
B) the percentage change in price divided by the percentage change in quantity demanded
C) the absolute change in quantity demanded divided by the absolute change in price
D) the absolute change in price divided by the absolute change in quantity demanded
E) none of the above

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