The Price Elasticity of Demand for Soybeans Is Defined as the

question 15

Multiple Choice

The price elasticity of demand for soybeans is defined as the

• A)Percentage change in quantity demanded of soybeans divided by the percentage change in the price of soybeans.
• B)Percentage change in quantity demanded of soybeans times the percentage change in soybean price.
• C)Unit change in soybean price divided by the unit change in quantity demanded of soybeans.
• D)Unit change in quantity demanded of soybeans times the unit change in the price of soybeans.

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