Multiple Choice
In general, for price increases or decreases, the price elasticity of demand can be found by:
A) examining only the slope of the demand curve and its position relative to price.
B) measuring absolute changes in price and quantity demanded.
C) comparing the percentage change in quantity demanded to the percentage change in price.
D) knowing that when a price increases, quantity demanded decreases.
Correct Answer:
Verified
Correct Answer:
Verified
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