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Commerce · Q1469

Economics

Graduate and Post Graduate · Commerce · question 1469

Q1469

The price elasticity of demand is the

A.
ratio of the percentage change in quantity demanded to the percentage change in price
Answer
B.
ratio of the change in price to the change in quantity demanded
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: Option A

Solution

Answer: Option A
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