How Is the Price Elasticity of Demand Calculated

question 66

Multiple Choice

How is the price elasticity of demand calculated?

• A) averaging previous demand levels with new demand levels
• B) dividing percentage change in quantity demanded by percentage change in price
• C) dividing the new quantity demanded by the percentage change in price times 100
• D) multiplying the percentage change in quantity demanded by the percentage change in price
• E) dividing the percentage change in price by the percentage change in quantity demanded

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