Multiple Choice
Price elasticity of demand is defined as:
A) the slope of the demand curve.
B) the slope of the demand curve divided by the price.
C) the percentage change in price divided by the percentage change in quantity demanded.
D) the percentage change in quantity demanded divided by the percentage change in price.
E) the inverse of the price elasticity of supply.
Correct Answer:
Verified
Correct Answer:
Verified
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