MCQOPTIONS
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MCQOPTIONS
| 1. |
The price elasticity of demand is the ? |
| A. | ratio of the change in price to the change in quantity demanded. |
| B. | ratio of the percentage change in quantity demanded to the percentage change in price. |
| C. | ratio of the change in quantity demanded to the change in price. |
| D. | ratio of the percentage change in price to the percentage change in quantity demanded. |
| Answer» C. ratio of the change in quantity demanded to the change in price. | |