Multiple Choice
The price elasticity of demand is measured by:
A) dividing the percentage change in price by the percentage change in quantity demanded.
B) dividing the percentage change in quantity demanded by the percentage change in price.
C) subtracting the percentage change in price from the percentage in quantity demanded.
D) adding the percentage change in price to the percentage change in quantity demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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