Multiple Choice
Price elasticity of demand is expressed as
A) E = Percentage change in price ÷ Percentage change in quantity demanded.
B) E = Price ÷ Quantity demanded.
C) E = Percentage change in quantity demanded ÷ Percentage change in price.
D) E = Quantity demanded ÷ Price.
E) E = Quantity demanded × Price.
Correct Answer:
Verified
Correct Answer:
Verified
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