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The Formula for Price Elasticity of Demand That Is Used

Question 112

Multiple Choice

The formula for price elasticity of demand that is used in practice


A) usually drops all minus signs.
B) usually takes on different values at different points on the demand curve.
C) may calculate the percentage change in price between P1 and P2 as "(P2 − P1) as a percentage of (P1 + P2) /2."
D) All of the above are correct.

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