Multiple Choice
Price elasticity of demand is the
A) percentage change in quantity demanded divided by the percentage change in price.
B) percentage change in price divided by percentage change in quantity demanded.
C) change in price divided by change in quantity demanded.
D) change in quantity demanded divided by the change in price.
E) change in quantity demanded multiplied by the change in price.
Correct Answer:
Verified
Correct Answer:
Verified
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