The Price Elasticity of Demand Is Equal to

question 35

Multiple Choice

The price elasticity of demand is equal to

• A)the value of the slope of the demand curve.
• 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.

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Definitions:

Emission Exhaust

The release of gases or other pollutants into the air from internal combustion engines or other sources.

Infant Industry

A new or emerging industry that may require protection and support to grow against international competition.

Trade Protection

Economic policies and measures designed to restrict international trade to protect domestic industries from foreign competition.

Foreign Competition

Economic rivalry that businesses face from producers located in other countries.