Multiple Choice
Price elasticity of demand is the:
A) change in the quantity demanded of a good divided by the change in the price of that good.
B) change in the price of a good divided by the change in the quantity demanded of that good.
C) percentage change in price of that good divided by the percentage change in the quantity demanded of that good.
D) percentage change in quantity demanded of a good divided by the percentage change in the price of that good.
Correct Answer:
Verified
Correct Answer:
Verified
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