Which of the following is a measure of price elasticity of demand? A. The percentage change in quantity demanded divided by the percentage change in income. B. The percentage change in quantity demanded divided by the percentage change in price. C. The percentage change in price divided by the percentage change in quantity demanded. D. The percentage change in income divided by the percentage change in quantity demanded. Note:-
Which of the following is a measure of price elasticity of demand? A. The percentage change in quantity demanded divided by the percentage change in income. B. The percentage change in quantity demanded divided by the percentage change in price. C. The percentage change in price divided by the percentage change in quantity demanded. D. The percentage change in income divided by the percentage change in quantity demanded. Note:-
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is a measure of
A. The percentage change in quantity demanded divided by the percentage change in income.
B. The percentage change in quantity demanded divided by the percentage change in price.
C. The percentage change in price divided by the percentage change in quantity demanded.
D. The percentage change in income divided by the percentage change in quantity demanded.
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