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Author Question: Price elasticity of demand is defined as a. the percentage change in price divided by the ... (Read 60 times)

karateprodigy

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  • Posts: 550
on: Jul 1, 2018
Price elasticity of demand is defined as
 a. the percentage change in price divided by the percentage change in quantity demanded
  b. the percentage change in quantity demanded divided by the percentage change in price
  c. the change in quantity demanded divided by the change in price
  d. the change in price divided by the change in quantity demanded
  e. the quantity demanded divided by the price

Question 2

The general term elasticity refers to a relationship between
 a. quantity demanded and price only
  b. quantity supplied and price only
  c. quantity supplied or demanded and price only
  d. quantity supplied or demanded and anything other than price
  e. percentage changes in any two variables


carolinefletcherr

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

E


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