The price elasticity of demand can be interpreted as the:
A) percentage change in the quantity demanded divided by the percentage change in the good's price.
B) percentage change in the quantity demanded divided by the percentage change in a substitute good's price.
C) percentage change in the good's price divided by the percentage change in quantity demanded.
D) change in the quantity demanded of a good divided by the change in its price.
E) change in the quantity demanded of a good divided by the change in a related good's price.
Correct Answer:
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