Price Elasticity of Demand Is Defined as

question 215

Multiple Choice

Price elasticity of demand is defined as

• A)the percentage change in price divided by the percentage change in quantity demanded
• B)the percentage change in quantity demanded divided by the percentage change in price
• C)the change in quantity demanded divided by the change in price
• D)the change in price divided by the change in quantity demanded
• E)the quantity demanded divided by the price

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