Multiple Choice
The formula for the price elasticity of demand for a commodity can be written as which of the following?
A) percentage change in price percentage change in quantity demanded
B) percentage change in one price percentage change in the other price
C) change in price change in quantity demanded
D) percentage change in quantity demanded percentage change in price
E) change in quantity demanded change in price
Correct Answer:
Verified
Correct Answer:
Verified
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