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To Determine the Price Elasticity of Demand, We

Question 21

Multiple Choice

To determine the price elasticity of demand, we


A) compare the change in the quantity to the change in price.
B) compare the percentage change in the quantity demanded to the percentage change in price.
C) need information on consumers' incomes.
D) divide the quantity by the price.
E) need to know how much is available.

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