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11 Dec 2019
Which of the following is the best definition of the price elasticity of demand?
a. The ratio of the percent change in price to the percent change in quantity demanded.
b. The absolute value of the slope of the demand curve.
c. The ratio of the percent change in demand to the percent change in income.
d. The ratio of the percent change in quantity demanded to the percent change in price.
Which of the following is the best definition of the price elasticity of demand?
a. The ratio of the percent change in price to the percent change in quantity demanded.
b. The absolute value of the slope of the demand curve.
c. The ratio of the percent change in demand to the percent change in income.
d. The ratio of the percent change in quantity demanded to the percent change in price.
Mahe AlamLv10
10 Sep 2020