The Price Elasticity of Demand for a Good Is Equal

question 22

Multiple Choice

The price elasticity of demand for a good is equal to:

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

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Definitions:

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