Question


Price elasticity of demand (E) is expressed as (u00e2u02c6u2020 means change):
A. E = Percentage change in price (%u00e2u02c6u2020 in P) Percentage change in quantity demanded (%u00e2u02c6u2020 in Q).
B. E = Price (P) Quantity demanded (Q).
C. E = Percentage change in quantity demanded (%u00e2u02c6u2020 in Q) Percentage change in price (%u00e2u02c6u2020 in P).
D. E = Quantity demanded (Q) Price (P).
E. E = Quantity demanded (Q) Price (P).

Answer

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