The Price Elasticity of Demand Is Calculated by

question 9

Multiple Choice

The price elasticity of demand is calculated by

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

---

Definitions:

Roger Williams

A Puritan minister, theologian, and author who founded the colony of Rhode Island in 1636 as a place of religious freedom after being banished from the Massachusetts Bay Colony.

Puritan Community

A group of English Reformed Protestants in the 16th and 17th centuries who sought to "purify" the Church of England from its "Catholic" practices.

Anne Hutchison

A key figure in the development of religious freedom in the American colonies, known for her role in the Antinomian Controversy in the Massachusetts Bay Colony.

Salvation

In religious contexts, the deliverance from sin and its consequences, believed by Christians to be brought about by faith in Christ.