Multiple Choice
What is the correct formula for determining the price elasticity of demand?
A) Divide the percentage change in price by the percentage change in quantity demanded
B) Divide the unit elasticity by the percentage change in price
C) Divide the percentage change in quantity demanded by the percentage change in price
D) Subtract the change in price from the change in quantity demanded
Correct Answer:
Verified
Correct Answer:
Verified
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