Price Elasticity of Demand Is The

question 129

Multiple Choice

Price elasticity of demand is the:

• A) change in the quantity demanded of a good divided by the change in the price of that good.
• B) change in the price of a good divided by the change in the quantity demanded of that good.
• C) percentage change in price of that good divided by the percentage change in the quantity demanded of that good.
• D) percentage change in quantity demanded of a good divided by the percentage change in the price of that good.

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Definitions:

Input

Data or instructions entered into a computer system for processing, typically received from devices like keyboards or sensors.

ToUpperCase

A function or method in many programming languages that converts all the letters in a given string to uppercase.

ToLowerCase

A method that converts all the characters in a given string to lower case.

LastIndexOf

A method used to find the last occurrence of a specified value in a string or array, returning the index at which it was found, or -1 if it is not found.