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