Own Price Elasticity of Demand Is Defined As

question 44

Multiple Choice

Own price elasticity of demand is defined as:

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

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Definitions:

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