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Which of the Following Is the Correct Formula for Elasticity % change in price  % change in quantity\frac {\text {\(\%\) change in price }} { \text { \(\%\) change in quantity}}

Question 45

Multiple Choice

Which of the following is the correct formula for elasticity of demand?


A) % change in price  % change in quantity\frac {\text {\(\%\) change in price }} { \text { \(\%\) change in quantity}}
B)  change in price   change in quantity\frac {\text {\(\) change in price }} { \text { \\ change in quantity}}
C)  change in demand   change in price\frac {\text {\(\) change in demand }} { \text { \\ change in price}}
D) % change in quantity demanded  %change in price\frac {\text {\(\%\) change in quantity demanded }} { \text { \%change in price}}
E) none of the above

Correct Answer:

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