Multiple Choice
Price elasticity is calculated by:
A) multiplying the change in quantity demanded times the percentage change in price.
B) dividing the change in quantity demanded by the percentage change in price.
C) adding the percentage change in price plus the change in quantity demanded.
D) dividing the percentage change in price by the change in quantity demanded.
E) multiplying the percentage change in price times the change in quantity demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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