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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 | |