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Economics
MEDIUM
ENGLISH
Economics
The price elasticity of demand is the ?
A
ratio of the change in price to the change in quantity demanded.
Option A
ratio of the percentage change in quantity demanded to the percentage change in price.
Correct answer
C
ratio of the change in quantity demanded to the change in price.
Option C
D
ratio of the percentage change in price to the percentage change in quantity demanded.
Option D
Correct answer: B
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