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Economics
MEDIUM
ENGLISH
Economics
The price elasticity of demand is defined as ?
A
the percentage change in the quantity demanded divided by the percentage change in income.
Option A
B
the percentage change in income divided by the percentage change in the quantity demanded
Option B
the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good
Correct answer
D
none of these answers
Option D
Correct answer: C
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