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