The price elasticity of demand is the: – McqOptions

MCQOPTIONS

1.	The price elasticity of demand is the:
A.	Percentage change in quantity demanded divided by the percentage change in price
B.	Percentage change in price divided by the percentage change in quantity demanded
C.	Dollar change in quantity demanded divided by the dollar change in price
D.	Percentage change in quantity demanded divided by the percentage change in quantity supplied
Answer» B. Percentage change in price divided by the percentage change in quantity demanded

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