The Price Elasticity of Demand Is Defined as the Magnitude

question 59

Multiple Choice

The price elasticity of demand is defined as the magnitude of the

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

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