If P Is the Price of a Good and Q

question 80

Multiple Choice

If P is the price of a good and Q is the quantity demanded of the good at that price,then the correct mathematical statement of the price elasticity of demand is

• A) ( P/
• P)/( Q/
• Q).
• B) ( Q/
• Q)/( P/
• P).
• C) P/ Q.
• D) Q/ P.
• E) ( P/
• P)/ Q.

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