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Price Elasticity of Demand Is Expressed as

Question 151

Multiple Choice

Price elasticity of demand is expressed as


A) E = Percentage change in price ÷ Percentage change in quantity demanded.
B) E = Price ÷ Quantity demanded.
C) E = Percentage change in quantity demanded ÷ Percentage change in price.
D) E = Quantity demanded ÷ Price.
E) E = Quantity demanded × Price.

Correct Answer:

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