MCQOPTIONS
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| 1. |
The price elasticity of demand is defined as ? |
| A. | the percentage change in the quantity demanded divided by the percentage change in income. |
| B. | the percentage change in income divided by the percentage change in the quantity demanded |
| C. | the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good |
| D. | none of these answers |
| Answer» D. none of these answers | |