Price elasticity of demand is:

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Economics · Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Percentage change in quantity demanded / Percentage change in price

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Answer 1

Change in income / Change in quantity demanded

Answer 2

Change in quantity demanded / Change in income

Answer 3

Percentage change in price / Percentage change in quantity demanded

Answer 4

Percentage change in quantity demanded / Percentage change in price

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