Multiple Choice
Which of the following formulas calculates price elasticity of demand?
A) ln (1 + % change in quantity sold) / ln (1 + % change in price)
B) (1 + % change in quantity sold) / (1 + % change in price)
C) % change in quantity sold / % change in price
D) ln (1 - % change in quantity sold) / ln (1 - % change in price)
Correct Answer:
Verified
Correct Answer:
Verified
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