Multiple Choice
The price elasticity of demand for a good is equal to:
A) the percentage change in quantity demanded divided by the percentage change in price.
B) the percentage change in price divided by the percentage change in quantity demanded.
C) the percentage change in quantity divided by the change in price.
D) the percentage change in price divided by the change in quantity demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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