Multiple Choice
How is price elasticity of demand calculated?
A) the ratio of the percentage change in price to the percentage change in quantity demanded
B) the ratio of the percentage change in quantity demanded to the percentage change in price
C) the difference between the percentage change in price and the percentage change in quantity demanded
D) the difference between the percentage change in quantity demanded and the percentage change in price
Correct Answer:
Verified
Correct Answer:
Verified
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