The Price Elasticity of Demand for a Particular Good Is

question 11

Multiple Choice

The price elasticity of demand for a particular good is computed by calculating the ratio of the _____.

• A) percentage change in quantity demanded to the percentage change in price
• B) change in demand to the change in price
• C) percentage change in price to the percentage change in quantity demanded
• D) change in price to the change in demand

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