The Price Elasticity of Demand Is Defined as

question 37

Multiple Choice

The price elasticity of demand is defined as

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

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