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Economists Compute the Price Elasticity of Demand as The

Question 73

Multiple Choice

Economists compute the price elasticity of demand as the:


A) percentage change in the price divided by the percentage change in quantity demanded
B) percentage change in the quantity demanded divided by the percentage change in price
C) change in quantity demanded divided by the change in the price
D) percentage change in the quantity demanded divided by the percentage change in income

Correct Answer:

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