MCQOPTIONS
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| 1. |
The coefficient of price elasticity of demand is calculated as……….. |
| A. | The change in price divided by the change in quantity demand |
| B. | The percentage change in quantity demand by the percentage change in price |
| C. | The change in quantity demanded by the change in price |
| D. | The percentage change in price by the percentage change in demand |
| Answer» C. The change in quantity demanded by the change in price | |