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Price Elasticity of Demand Is the

Question 1

Multiple Choice

Price elasticity of demand is the


A) change in quantity divided by the change in price.
B) ratio of quantity to price.
C) change in quantity divided by the change in price times the original price-quantity ratio.
D) change in price times the change in quantity divided by the original price-quantity ratio.
E) reciprocal of the original price-quantity ratio times the change in price.

Correct Answer:

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