MCQOPTIONS
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| 1. |
Price Elasticity of demand = |
| A. | Proportionate change in quantity demanded Proportionate change in price |
| B. | Change in Quantity demanded / Quantity demanded Change in Price/price |
| C. | ( Q2‐Q1)/Q1 (P2‐P1) /P1 |
| D. | All the above |
| Answer» E. | |